Nokia Network Joint Venture to Cut 17,000 Jobs
Nokia Oyj said on Wednesday its network gear joint venture Nokia Siemens Networks aims to cut annual operating costs by around one billion euros (US$1.35 billion), including slashing some 17,000 jobs.
The move comes as the venture with Siemens faces strong pressure from Ericsson and Chinese rivals.
(Reporting by Helsinki Newsroom)
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