Nokia sweeps up to 10,000 Points

More money for 5G and Cloud Nokia sweeps up to 10,000 Points

The network equipment Nokia aims to reduce the removal of up to 10,000 jobs, the costs significantly. The restructuring is to reduce the costs by the end of 2023 permanently to 600 million euros, the group said.

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5,000 to 10,000 jobs to be shed of the network equipment Nokia in the context of its restructuring in the coming years.
5,000 to 10,000 jobs to be shed of the network equipment Nokia in the context of its restructuring in the coming years.

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In connection with the restructuring costs of around 600 to 700 million euros incurred in the case of Nokia by 2023, about half of the current year, the group. On view from 18 to 24 months to remain from the current level of about 90,000 employees, only 80,000 to 85,000 in left. The exact number depends on the development of the markets in the next two years. Parallel to the reduction of the Nokia wants to put more money in research and development around 5G, digital infrastructure and Cloud services.

The Euro STOXX group made recently to create a downturn in demand. Since February is known, attributed to chief Pekka Lundmark 2021, at best, only stable revenue, because, especially in North America, the demand for upgrading of the mobile networks on faster 5G wireless is expected to subside. The margin target for operating profit is 7 to 10 percent on a comparable Basis. The Outlook for the company confirmed on Tuesday. For more Details on the strategy, the Management is on 18. March 2021 in the context of a capital market day.

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