Nokia To Cut Up To 10,000 Jobs - Quick Facts

(RTTNews) - Nokia Corp. (NOK) said it will cut up to 10,000 jobs as part of its plans to lower costs over the next two years. The company maintained its 2021 outlook. The company's plans are expected to result in an 80,000-85,000 employee organization over an 18-24-month period, instead of the about 90,000 employees Nokia has today. The exact number will depend on market developments over the next two years, Nokia said in a statement.