Nokia to Start Job Cuts Following Alcatel-Lucent Deal

Advertisement
By Gadgets 360 Staff | Updated: 6 April 2016 16:39 IST
Finland's Nokia launched a job cutting programme on Wednesday following its acquisition of France's Alcatel-Lucent, but did not say how many positions it was planning to axe.

The company said it was sticking to its target for EUR 900 million ($1.02 billion) of operating cost synergies from the deal by 2018.

"At the same time, Nokia is taking steps to adapt to challenging market conditions and to shift resources to future-oriented technologies such as 5G, the Cloud and the Internet of Things. As part of the program, the company also continues to target worldwide savings in real estate, services, procurement, supply chain and manufacturing," Nokia said in a statement.

"The headcount reductions are expected to take place between now and the end of 2018, consistent with the company's synergy target timeline. Reductions will come largely in areas where there are overlaps, such as research and development, regional and sales organizations as well as corporate functions," statement elaborated, adding Nokia planned to report on the details alongside its quarterly earnings.

Advertisement

"These actions are designed to ensure that Nokia remains a strong industry leader," said Nokia President and CEO Rajeev Suri. "When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver EUR 900 million in synergies - and that commitment has not changed. We also know that our actions will have real human consequences and, given this, we will proceed in a way that that is consistent with our company values and provide transition and other support to the impacted employees."

Advertisement

Written with inputs from Reuters

 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: Alcatel Lucent, Nokia, Telecom
Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus Freedom Sale Slashes Prices of Phones, Tablets, and More Products
  2. These Smartphones Will Be Discounted During Flipkart Republic Day Sale
  3. Amazon Great Republic Day Sale 2026: iQOO Smartphone Deals Revealed
  4. ISRO's PSLV Suffers Second Failure as Third-Stage Glitch Sends Rocket Off Course
  5. Space Forge Tests World's First Commercial Semiconductor Factory in Space
  6. Here Are Some of the Best Smartphones With Snapdragon 7 Gen 4 SoC
  1. ISRO’s PSLV Suffers Second Failure as Third-Stage Glitch Sends Rocket Off Course
  2. NASA Confirms First Medical Evacuation in ISS’s 25-Year History
  3. Space Forge Tests World’s First Commercial Semiconductor Factory in Space
  4. 83rd Golden Globe Awards Full List of Winners: Hamnet, The Pitt, Adolescence, and More
  5. Kirkkan OTT Release Date: When and Where to Watch This Gripping Crime Investigation Drama Online?
  6. Mana Shankara Vara Prasad Garu OTT Release Date Reportedly Leaked Online
  7. Forza Horizon 5 Is Said to Have Sold Over 5 Million Copies on PS5
  8. Realme Neo 8 Display Details Teased; TENAA Listing Reveals Key Specifications
  9. iPhone 17 Pro, iPhone 17 Pro Max, iPhone Air Discounts Revealed Ahead of Amazon Great Republic Day Sale 2026
  10. Google’s AI Overviews Giving Incorrect Medical Advice as OpenAI, Anthropic Push for Healthcare: Report
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.