Nokia to cut up to 200 jobs in Finland

Nokia plans to cut up to 200 more jobs in Finland because of weak demand for its telecom network equipment.

The Finnish company said on Thursday that the cuts are part of a 1.2 billion euro ($1.3 billion) global cost-savings plan which was announced after its 2016 acquisition of Franco-American rival Alcatel-Lucent.

“In order to succeed in this market environment we must continue to streamline our cost structure and to increase efficiency,” Nokia country manager Tommi Uitto said.

The new cuts would focus on the networks operations and support functions, he added.