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Nokia to cut thousands of jobs following Alcatel deal

Nokia currently employs about 6,850 people in Finland and around 104,000 globally
Nokia currently employs about 6,850 people in Finland and around 104,000 globally

Telecom network equipment maker Nokia is planning to cut thousands of jobs globally, including 1,400 in Germany and 1,300 in its native Finland.

The job cuts are part of a cost-cutting programme following the acquisition of Alcatel-Lucent earlier this year. 

In France, Nokia said it will cut 400 jobs, but will also create 500 posts in research and development, in line with a promise to the French government last year when it was negotiating the Alcatel deal.

Nokia declined to give a total figure for global job cuts. 

The company employs about 6,850 people in Finland, 4,800 in Germany, 4,200 in France and around 104,000 around the world.

Nokia took control of Franco-American Alcatel-Lucent in January following its €15.6 billion all-share offer.
 

The deal was intended to help it compete with Sweden's Ericsson and China's Huawei in a market where limited growth and tough competition are pressuring prices. 

Nokia is seeking €900m of operating cost synergies from the Alcatel deal by 2018.