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Nokia to slash 350 jobs in Finland as part of cost cuts

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Reuters HELSINKI
Last Updated : Jan 15 2019 | 4:40 PM IST

HELSINKI (Reuters) - Finnish telecom equipment maker Nokia said on Tuesday it was going to cut 350 jobs in Finland as part of ongoing plans to find savings worth 700 million euros ($800 million) by 2020.

"The planned changes are indispensable to secure Nokia's long-term competitiveness," head of the company's Finnish operations, Tommi Uitto, said in a statement.

($1 = 0.8752 euros)

(Reporting by Anne Kauranen; editing by Jason Neely)

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First Published: Jan 15 2019 | 4:21 PM IST

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