Nokia (#NOK) plans to cut 253 jobs in Finland as part of its ongoing cost-savings program, while continuing investments in defense, AI and data-center opportunities. 🔹 Key Highlights - 👥 Nokia plans to cut 253 jobs in Finland. - 📍 Positions are affected in Espoo, Tampere and Oulu. - 📅 Negotiations are scheduled to begin October 12. - 🇫🇮 Nokia employs approximately 6,800 people in Finland. - 💰 The reductions are part of Nokia’s €800M–€1.2B cost-savings program launched in 2023. - 📈 Nokia is targeting the upper end of its savings range by year-end. - 🤖 Despite the cuts, Nokia says it will continue investing in Defense, AI and Data Centers. 💡 Why It Matters The job reductions are part of Nokia’s broader effort to improve competitiveness and reach its cost-savings targets. At the same time, continued investment in AI, defense and data centers signals where Nokia sees stronger long-term growth opportunities. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified