Nokia says it’s cutting thousands of jobs worldwide as part of a $1 billion cost-saving plan after its recent acquisition of networking rival Alcatel-Lucent.
The telecommunications equipment maker on Wednesday said it is beginning actions to reduce its personnel globally “as part of its synergy and transformation program,” according to a release from the Espoo, Finland-based company.
The company could eliminate up to 15,000 positions out of a combined Nokia and Alcatel-Lucent staff of 104,000 — more than 14 percent of its global workforce.
