Nokia is to cut fewer jobs in Finland than originally planned as it continues its quest for over €1 billion in cost savings.
The vendor has confirmed it will cut 283 positions in its Networks division and 70 in the Technologies arm after discussions with unions finished on Wednesday (28 March).
In February, Nokia said it planned to cut 425 jobs but revealed it had managed to find work for around 70 employees elsewhere in the company.
The cuts are part of a programme by Nokia to achieve cost savings of €1.2 billion by this year following the 2015 acquisition of Alcatel-Lucent.
The vendor has 102,761 employees worldwide at the end of December 2017, up 1,880 year-on-year.
This includes around 6,300 workers in Finland, where Nokia cut 945 jobs in 2016.
It also outlined plans in September to cut 597 jobs in France less than two years after its acquisition of Alcatel-Lucent.
The Technologies business, which includes areas such as digital health and the vendor’s patent licensing operations, saw revenues up 57 percent to €1.65 billion and operating profit up 94 percent to €1.12 billion in 2017.
However, this came as the Networks business continued to decline, seeing revenues fall six percent to €20.52 billion and operating profit fell 12 percent to €1.71 billion.
Today (29 March) also saw Nokia win a five-year contract with Polish railway operator PKP Polskie Linie Kolejowe to deploy a nationwide network to support train services.