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Nokia to cut 1,233 jobs at French Arm Alcatel-Lucent

June 22, 2020
in Business News, Latest Nigeria News
Nokia to cut 1,233 jobs at French Arm Alcatel-Lucent
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Finland’s Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, the group said on Monday

This is equivalent to a third of the local workforce.

The maker of telecoms equipment informed French unions about the planned job cuts ahead of a works council Monday morning.

Nokia, which competes with Ericsson and Huawei for work on lucrative 5G networks, said in a statement, the staff reduction was needed because of “very important” pressures on costs in the market.

The job cuts will particularly affect R&D functions, the company said.

Thierry Boisnon, president of Nokia in France stated “Nokia will continue to be a major employer in France with a strong foothold in R&D, sales and services, which will enable us to develop and execute our customers’ projects efficiently.”

Nokia employs 5,138 people in France, out of whom 3,640 work for Alcatel-Lucent International.

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