Nokia to cut 1,233 jobs at French Arm Alcatel-Lucent
Written by MaryGift Sunday on June 22, 2020
Finland’s Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, the group said on Monday
This is equivalent to a third of the local workforce.
The maker of telecoms equipment informed French unions about the planned job cuts ahead of a works council Monday morning.
Nokia, which competes with Ericsson and Huawei for work on lucrative 5G networks, said in a statement, the staff reduction was needed because of “very important” pressures on costs in the market.
The job cuts will particularly affect R&D functions, the company said.
Thierry Boisnon, president of Nokia in France stated “Nokia will continue to be a major employer in France with a strong foothold in R&D, sales and services, which will enable us to develop and execute our customers’ projects efficiently.”
Nokia employs 5,138 people in France, out of whom 3,640 work for Alcatel-Lucent International.