Finnish telecom giant Nokia to cut jobs, says slow 5G progress not cause for layoffs
Tommi Uitto, director in charge of Nokia's operations in Finland, said the changes are "necessary". The cutbacks are part of 700-million-euro (about $798.7 million) savings announced in October 2018. Thereafter Marc Rouanne, one of the key directors, left the company.
In France, the General Confederation of Labour (CGT) accused Nokia on Tuesday of attempting to improve profitability through shifting work to countries where labour costs are lower than in France. Reuters