Nokia to cut up to 10,000 jobs over next 2 years, to trim costs

It said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023.

indiFinnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities.

FILE PHOTO: The Nokia logo is seen on a smartphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration (REUTERS)

It said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023.