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Nokia announces plans to slash up to 600 jobs in France

Finnish telecommunications firm Nokia has announced that it plans to cut nearly 600 jobs of its employees in France in a bid to save the company some 1.2 billion euros by the end of next year.

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Image: Jyrki Lyytikkä / Yle

Wednesday's announcement that Nokia plans to cut up to 600 jobs of its workers in France, affects one-in-nine of Nokia employees in the country.

Local French unions have reportedly called Nokia's plans unacceptable, according to the Reuters news agency.

The company said the decision to carry out the redundancies is due to an effort to save some 1.2 billion euros by the end of 2018.

All of the employees affected by the job cuts work at either Nokia Solutions Networks France or Nokia-owned Alcatel-Lucent International.

Nokia acquired Alcatel-Lucent in 2015 in a stock deal worth 15.6 billion euros – some three times more than Microsoft’s purchase cost of Nokia’s handset business in 2013.

At the time of the acquisition Nokia vowed not to cut French jobs for two years after the closure of the deal, beyond what Alcatel had already planned.

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