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Nokia plans to slash 1,300 jobs in Finland

Published 04/06/2016, 07:38 AM
© Reuters. The Nokia headquarters is seen in Espoo
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HELSINKI (Reuters) - Nokia (HE:NOKIA) is planning to cut about 1,300 jobs in its native Finland following its acquisition of France's Alcatel-Lucent (PA:ALUA), the telecom network equipment maker said in a statement.

Nokia started its global job cutting program on Wednesday as it targets 900 million euros ($1.02 billion) of operating cost synergies from the Alcatel deal by 2018.

A spokesman of the company declined to give further information on how many positions Nokia was planning to cut in other countries or globally.

© Reuters. The Nokia headquarters is seen in Espoo

Nokia currently employs about 6,850 people in Finland and around 104,000 globally.

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