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China, Nokia and Europe
Nokia Cuts Almost 2,000 China Jobs Amid Tough Telecom Market
Nokia Oyj has cut almost 2,000 jobs in China, as part of a sweeping cost-reduction program as the Finnish company grapples with a sluggish telecom equipment market, according to a person familiar with the matter.
Exclusive: Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say
Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.
Nokia cuts 2,000 jobs in China, plans to cut another 350 in Europe - report
Finnish vendor Nokia has reportedly cut close to 2,000 jobs across its Greater China business, and plans to axe another 350 roles across Europe in an effort to lower costs. As reported by Reuters, the vendor has laid off around a fifth of its employee base across China.
Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring
A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China
Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: Sources
As of December 2023, Nokia had 10,400 employees in Greater China and 37,400 employees in Europe. Read more at straitstimes.com.
Nokia, India
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia on Thursday reported better-than-expected third quarter earnings, mainly on the back of cost-cutting measures, but saw its sales dive 8% largely due to a weaker India market.
Nokia Faces Sales Decline Amid Slowdown in Indian Market
Nokia Oyj today reported an 8% decline in third-quarter sales, attributing the drop primarily to a slowdown in the Indian market.
Nokia Sales Fall On India Slowdown
Finnish telecoms equipment maker Nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India.
TelecomTV
1h
Nokia suffers as capex rebound fails to materialise in Q3
Nokia has reported its third-quarter financial resultsThe vendor had anticipated an uptick in spending in some parts of its ...
11h
Nokia Q3 operating profit beats expectation
Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and said many ...
9h
Nokia Tempers Earnings Expectations After Sales Fail to Recover
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and ...
3h
Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound
Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.
8h
Nokia Corporation Interim Report for Q3 2024
Nokia's full year 2024 outlook is unchanged. Nokia currently expects comparable operating profit of between EUR 2.3 billion and 2.9 billion and free cash flow conversion from comparable operating ...
4h
Nokia and Bharti Airtel in talks for multi-billion dollar 5G equipment deal: Details here
This possible collaboration between Nokia and Airtel highlights the competitive landscape in India's telecom sector, as ...
8h
on MSN
Nokia joins Ericsson in seeing signs of recovery after mixed results
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in ...
Yahoo Finance
8h
Nokia sees third quarter profit rise, maintains 2024 outlook
Finnish telecommunications giant
Nokia
on Thursday reported a rise in third-quarter profit attributable to equity holders, ...
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