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Nokia cutting 350 jobs in
Finland
Nokia cuts 350 jobs in Finland
Jan. 15, 2019 8:22 AM ET |About: Nokia Corporation
(NOK)|By: Brandy
Betz, SA News Editor
Nokia (NYSE:NOK) is cutting 350 of its 6,000 jobs in Finland
as part of its plan to save $800M by next year.
The cost-cutting plan was announced last fall without specifying
potential job impact.
According to Bloomberg First Word, Nokia also plans to cut 460
jobs in France over the next two years.
Nokia is down
0.3% premarket to $6.
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lt cap,
I remember France being very upset with NOK some months back, as
they must've telegraphed that jobs in France were on the line. Not
that the downward draft today seems terribly significant, but I'd
expect the announcement of job cuts within that goal of savings
$800 mil in costs might've been welcomed news.
Serves me ok, as I've optioned out about 45% of my position. If
it'll just move a bit lower, I may think about buying them back
before earnings.
And in your previous post, the reference to Tammy Wynette just
seems a non sequitar, or maybe I missed some news that makes that
connection seem less bizarre.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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01/16/19 at 12:22 PM CST
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I found that Lightreading comment kinda weird too.
Update to post:
Stand by your man
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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01/17/19 at 5:37 AM CST
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lt cap,
Lol! I'll take 'Country Singers over 100' for $500.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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01/17/19 at 1:49 PM CST
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