Nokia Cuts Hundreds of Jobs In The U.S. -Report

Telecom network equipment maker Nokia has cut 250 jobs at its site in Naperville, United States, and expects to lose a further 250 positions, a report by Crain’s Chicago Business said late on Monday.

A Nokia spokesman confirmed that jobs had been cut as part of the Finnish company’s global cost-savings plan, but declined to disclose numbers.

Nokia is looking to save 1.2 billion euros ($1.4 billion) annually by the end of this year following the 2016 acquisition of its former Franco-American rival Alcatel-Lucent.

“As part of that program we have indeed reduced headcount in Illinois. The scope of the reductions and the current headcount in Illinois are not being shared,” the spokesman said by email.

Nokia has also not given a target number for total global job losses but unions have estimated that 10,000-15,000 positions could be at risk,Nokia employed around 103,000 people globally at the end of 2017. – Reuters