Nokia announced that they are planning to cut 450 people from their work force due to a reorganization of its service unit. Nokia also plans to streamline their IT and industry collaboration activities.
“Altogether, approximately 450 employees globally will be impacted by the plans announced today, of which a maximum of 100 in Finland,” stated the company in a press release. The company also plans to find alternative ways to save money. Nokia employs about 124,000 people.