Nokia to downsize 10,000 jobs in next 2 years

Finnish telecom group Nokia said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023. Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities.

It said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023.