Nokia / To slash 8500 jobs

The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers.

Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals such as Sweden’s Ericsson and China’s Huawei and ZTE.

NSN has already cut 20,000 jobs in the past two years although it still employs over 50,000.

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via Nokia set to slash 8500 jobs at its equipment arm – Business News – Business – The Independent.