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Nokia cuts 2,000 jobs in China, 350 in Europe
Nokia Cuts Almost 2,000 China Jobs Amid Tough Telecom Market
Nokia Oyj has cut almost 2,000 jobs in China, as part of a sweeping cost-reduction program as the Finnish company grapples with a sluggish telecom equipment market, according to a person familiar with the matter.
Exclusive: Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say
Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.
Nokia cuts 2,000 jobs in China, plans to cut another 350 in Europe - report
Finnish vendor Nokia has reportedly cut close to 2,000 jobs across its Greater China business, and plans to axe another 350 roles across Europe in an effort to lower costs. As reported by Reuters, the vendor has laid off around a fifth of its employee base across China.
Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring
A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China
Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: Sources
As of December 2023, Nokia had 10,400 employees in Greater China and 37,400 employees in Europe. Read more at straitstimes.com.
Nokia Sales Miss Estimates
Nokia Tempers Earnings Expectations After Sales Fail to Recover
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and quick action on costs was helping offset some of the weakness.
Nokia Sales Miss Estimates as Turnaround Fails to Take Shape
Nokia Oyj sales failed to meet analysts’ estimates in the third quarter, largely due to declining revenue from India after that country ended a major mobile network expansion last year.
Nokia shares fall as Q3 sales miss estimates
Nokia (HE:NOKIA) shares dropped after the company reported third-quarter 2024 earnings that missed analysts' sales expectations by 9%. At 3:56 am (0756 GMT), Nokia was trading 4.4% lower at €3.868. The telecom giant's sales fell
6h
on MSN
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia on Thursday reported better-than-expected third quarter earnings, mainly on ...
TelecomTV
2h
Nokia suffers as capex rebound fails to materialise in Q3
Nokia has reported its third-quarter financial resultsThe vendor had anticipated an uptick in spending in some parts of its ...
12h
Nokia Q3 operating profit beats expectation
Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and said many ...
4h
Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound
Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.
newsbytesapp.com
3h
Nokia lays off 2,350 employees, China team worst hit
Telecommunications giant Nokia has confirmed the termination of nearly 2,000 jobs in Greater China as part of its ongoing ...
5h
Nokia and Bharti Airtel in talks for multi-billion dollar 5G equipment deal: Details here
This possible collaboration between Nokia and Airtel highlights the competitive landscape in India's telecom sector, as ...
20h
What's Going On With Nokia Stock?
Nokia shares are trading flat Wednesday afternoon. Investors are watching for Thursday's Q3 earnings and reports of exclusive ...
14m
Nokia’s Financial Challenges and Uncertain Outlook Lead to Hold Rating
In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Nokia (0HAF – Research Report), with a price ...
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