Nokia streamlines network division

Nokia is to cut 1,800 staff at its infrastructure arm after saying the division would post a substantial loss for the first quarter of this year.

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By  Richard Agnew Published  April 10, 2003

Nokia is to cut 1,800 staff at its infrastructure arm after saying the division would post a substantial loss for the first quarter of this year.

The company said 10% of employees at the unit, Nokia Networks, would go as part of streamlining that will also see its research and development (R&D) operations realigned.

The move, caused by the slowdown in the market for network equipment, follows Nokia’s decision to cut 550 staff at the division in February.

The company said the cuts would hit 1100 employees in Finland, its home country, and would be spread across R&D, operations, sales, marketing and support.

Last month it warned that pro forma sales figures could fall by 15% to 20% in its Q1 results, compared to the same period in 2001.

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