Nokia to cut up to 10,000 jobs worldwideThe global telecommunications behemoth currently employs 90,000 people and has cut thousands of jobs since 2015.
According to the company, the move would enable it to cut costs, catch up on 5G, and invest in cloud computing and digital infrastructure research.
According to the BBC, the company did not specify which regions will be impacted by the measure, however it did state that 96 jobs in the UK will be lost as a consequence of the â‚¬600 million (Â£518 million) cost cuts.
A Nokia spokesperson was quoted as saying,
â€œWe currently expect the consultation process in the UK to cover an estimated 96 roles.â€
â€œAt this stage, however, these are only estimates. It is too early to comment in detail, as we have only just informed local works councils and expect the consultation processes to start shortly, where applicable,â€ the spokesperson said.
Nokia did not participate in the latest reorganization in France, where it eliminated over 1,000 jobs last year.
â€œdecisions that may have a potential impact on our employees are never taken lightly. My priority is to ensure that everyone that will be hit is supported through this process.â€
The mobile corporation employs 90,000 people worldwide and has laid off thousands of people since 2015.
It was once the world's largest phone maker, but it failed to foresee the rise of internet-enabled touchscreen phones like Apple's iPhone and Samsung's Galaxy, and was spectacularly knocked off its perch by competitors.
Later, a licensing deal for Nokia-branded phones was reached.