Nokia restructure sees up to 10,000 jobs at risk Recruitment

Nokia has confirmed that as many as 10,000 jobs could be cut in the latest phase of its wide-ranging restructure.

The Finnish networking giant is locked in a fiercely contested battle with other Network Equipment Providers (NEPs) such as Ericsson and Huawei. However, the company was surprised by the earlier-than-expected shift to 5G and has struggled with the high cost of developing 5G technologies.