Nokia Sackings

Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme.

TCS, which has a registered office in Helsinki and has an employee strength of about 800 in Finland, is currently in negotiations with the employee representatives over the move to cut jobs.

Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme.

TCS, which has a registered office in Helsinki and has an employee strength of about 800 in Finland, is currently in negotiations with the employee representatives over the move to cut jobs.