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About: http://data.cimple.eu/news-article/9991f4c3048a83103916dcc7a620d6087fd3b27d43a4e54663924a2c Goto Sponge NotDistinct Permalink

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schema:articleBody	Nokia plans to eliminate 1,233 jobs at its Alcatel-Lucent subsidiary in France, slashing its workforce in the country by a third as it grapples with intense competition in the telecoms equipment market amid the launch of 5G networks, the company and unions said Monday. It is the fourth round of layoffs at hardware manufacturer Alcatel-Lucent in the four years since it was bought by Nokia in 2016, and the biggest by far. "It's a catastrophe," Bernard Tremulot of the CFDT labour union told AFP after a meeting where management unveiled the plan. Nokia said the job cuts, in research and support departments, were part of global cost-cutting efforts launched in late 2018, "in a market environment where pressure on costs remains very intense." "Our goal is to increase operational efficiency, improve productivity and become more agile in terms of R&D, so we can reinforce our competitive positions and guarantee the group's long-term performance," it said in a statement. The move comes after Nokia's CEO Rajeev Suri said in March that he would step down in September, having overseen the company's transformation into a network systems company after its mobile phone business was decimated by the rise of Apple and Samsung. Nokia's attempts to break into the 5G equipment market have struggled in the face of fierce competition from Huawei and Ericsson. Last year it had its first net profit -- seven million euros ($7.8 million) -- since 2015. er/js/mlr/rl
schema:headline	Nokia to cut 1,200 jobs at Alcatel-Lucent in France
schema:mentions	Research and development Ericsson Trade union Huawei Agence France-Presse Samsung Mobile phone Apple Inc. Chief executive officer 5G France Rajeev Suri Alcatel-Lucent Nokia Networks French Democratic Confederation of Labour The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger
http://data.cimple...entionsConspiracy	harmful radiation conspiracy theory

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