Finland's Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit's workforce, the group said on Monday, confirming an earlier Reuters report.
) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit’s workforce, the group said on Monday, confirming an earlier Reuters report.
The announcement has political resonance in France as Nokia bought the unit five years ago on condition it would keep jobs. Nokia said in April it aimed to cut costs by 500 million euros by the end of this year compared with full year 2018, with 350 million euros targeted to come from operating expenses and 150 million from sales costs.
The merger was scrutinised by the French government and its then economy minister Emmanuel Macron, who is now president.
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