Nokia Launches Headcount Reductions - Quick Facts

(RTTNews) - Nokia (NOK) announced it is beginning actions to reduce company personnel globally as part of its synergy and transformation program. The company said its headcount reductions are expected to take place between now and the end of 2018. Reductions will come largely in areas where there are overlaps, such as research and development, regional and sales organizations as well as corporate functions.

Nokia CEO Rajeev Suri, said: "When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver 900 million euros in synergies - and that commitment has not changed."