Nokia’s Plan to Cut 600 Jobs in France Deferred

    Author Caroline HarrisPosted on Categories Communications, TechTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    cut 600 jobs

    Nokia Corporation’s (NYSE:$NOK) plan to cut 600 jobs or so in France has been deferred until October 2, Benjamin Griveaux, French junior economy minister, announced on Tuesday, September 19, after meeting with the head of Nokia’s French unit.

    Griveaux said that he will meet with unions and company management on October 2 to see whether or not Nokia, a Finnish telecom equipment manufacturer, is following on an earlier vow to increase both research and development jobs in France.

    “At this stage, the jobs cut plan is suspended…at least until this meeting that I will chair on October 2 at the finance ministry,” Griveaux said.

    For those who don’t know, earlier this month, Nokia announced that it planned to cut 597 jobs in France by the end of 2019. Why? It was all part of the company’s plan to save 1.2 billion euros, or $1.4 billion, at group level.

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    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.