Newsclip®: [Business] Nokia cuts more than a thousand jobs in Finland

"HELSINKI: Nokia is cutting 1,032 jobs in Finland as part of a cost-cutting programme following its acquisition of Alcatel-Lucent, the telecom network equipment maker said in a statement on Friday. Finland's biggest company has cut thousands of jobs in its home country over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals. Nokia started the latest cost cutting programme in April and is targeting 900 million euros ($1 billion) of operating cost",

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