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Nokia cuts 2,000 jobs in China, 350 in Europe

Nokia Cuts Almost 2,000 China Jobs Amid Tough Telecom Market

Nokia Oyj has cut almost 2,000 jobs in China, as part of a sweeping cost-reduction program as the Finnish company grapples with a sluggish telecom equipment market, according to a person familiar with the matter.

Reuters on MSN · 18h

Exclusive-Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.

tech · 13h

Nokia Layoffs: What’s Behind 2,000 Job Cuts in China and 350 in Europe?

Nokia is laying off 2,000 employees in China and 350 in Europe as part of its cost-cutting strategy. Learn more about the reasons behind these layoffs and Nokia’s future plans in this exclusive update.

Business Standard · 18h

Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring

A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China

Nokia Sees Improved Q3 Profit

India Infoline · 2m

Nokia India Sales Plummet 44% in Q3

Both European network suppliers recently signed huge contracts totalling over Rs 28,000 crore to supply network equipment to Vi.

Reuters · 1d

Nokia Q3 operating profit beats expectation

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and said many parts of its business are now turning the corner although some continue to experience market weakness.

U.S. News & World Report · 20h

Nokia Sees Improved Q3 Profit but Reports 8% Sales Dip Mainly Due to Weaker India Market

Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weake

Nokia Sales Miss Estimates

The Wall Street Journal on MSN · 23h

Nokia Lowers Earnings Guidance After Sales Fail to Recover

The Finnish telecommunications company said it was now tracking within the bottom half of its comparable operating profit guidance of $2.50 billion-$3.15 billion this year.

Bloomberg on MSN · 22h

Nokia Sales Miss Estimates as Turnaround Fails to Take Shape

Nokia Oyj sales failed to meet analysts’ estimates in the third quarter, largely due to declining revenue from India after that country ended a major mobile network expansion last year.

Reuters on MSN · 1d

Nokia Q3 profit beats expectation, sees signs of recovery

STOCKHOLM (Reuters) -Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas. "I am optimistic we are now turning the corner in many parts of our business,

Why Nokia Stock Swooned on Thursday

The company missed on both revenue and net income, despite a robust increase in the latter.

Exclusive: Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say

Finland's Nokia is in talks with Bharti Airtel about securing a multi-billion dollar contract to provide 5G telecom equipment ...

18h

Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound

Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.

TelecomTV15h

Nokia suffers as capex rebound fails to materialise in Q3

Nokia has reported its third-quarter financial resultsThe vendor had anticipated an uptick in spending in some parts of its ...

14h

Nokia’s Financial Challenges and Uncertain Outlook Lead to Hold Rating

In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Nokia (0HAF – Research Report), with a price ...

Ericsson and Nokia face sales decline in India as telecom capex slows

During the July-Sept period, Ericsson's India revenue plunged 68% Y-o-Y, while Nokia's India sales saw a 43 per cent Y-o-Y ...

devdiscourse14h

Nokia Defies Challenges: Cost-Cutting Boosts Q3 Earnings Amid Sales Slump

Nokia reported a 22% increase in third-quarter net profit, despite suffering an 8% drop in sales primarily due to a weaker ...

14h

Jefferies Sticks to Its Hold Rating for Nokia (0HAF)

Jefferies analyst Janardan Menon maintained a Hold rating on Nokia (0HAF – Research Report) today and set a price target of €3.70. The ...

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