Nokia confirms plans to slash 1,233 jobs in France
Nokia has revealed it will cut 1,233 jobs in France under its latest savings program as it tries to boost profitability following a disappointing run of quarterly earnings results.
The Finnish equipment vendor confirmed an earlier report by Reuters, which said the layoffs would equal about one-third of the workforce at French subsidiary Alcatel-Lucent International.
Of Nokia’s 5,138 employees in France, around 3,640 work for Alcatel-Lucent International, according to the Reuters report.
A spokesperson for the company subsequently told Light Reading that the cuts would affect R&D and central functions at two French facilities.
“The project, which Nokia presented to the European and French Works councils (ALU-I) today, is expected to lead to an estimated reduction of roughly 1,233 positions across R&D and central functions at Nokia’s Paris-Saclay and Lannion sites,” said the company in an emailed statement.
The company said the plans would “streamline” activities in France in line with a global cost-saving program. “The aim is to achieve a best-in-class operating model globally, increase R&D productivity and agility to strengthen the company’s competitive position and secure long-term performance,” it said.
Average headcount at the Finnish firm fell by nearly 5,000 roles in 2019, leaving Nokia with 98,322 employees, according to its most recent annual report.
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