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Nokia is Planning to Layoff 3000 Employees Following a Merger with ALU

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Nokia, a Finnish vendor is planning to layoff its workforce after its merger with ALU over a period of 3 years. According to Nokia, reductions will be focused on areas where there are overlaps, like R&D, sales and corporate functions. CEO Rajeev Suri said Nokia’s commitment to reducing its duplicated opex was going to have human consequences.

“When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver EUR 900 million in synergies – and that commitment has not changed,” he said. “We also know that our actions will have real human consequences and, given this, we will proceed in a way that is consistent with our company values and provide transition and other support to the impacted employees.” Read more

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