Nokia Plans 14,000 Job Cuts in Effort to Trim Costs

Nokia plans to cut 14,000 jobs, about 16% of its workforce, to save €400 million annually, amid a 19% drop in quarterly sales. Both Nokia and its rival Ericsson have faced declines due to reduced 5G infrastructure spending, especially in the US. Analysts predict a rebound with 22 buyer ratings and a 40% upside, though current developments may affect these expectations.

What percentage of its workforce is Nokia planning to cut?

• 20%

• 25%

• 10%

• 16%

How much does Nokia expect to save annually with its new plan?

• €500 million

• €400 million

• €300 million

• €200 million

What has been a major factor in the decline of Nokia and Ericsson's financial performance?

• High employee turnover

• Rising production costs

• Increased competition from new companies

• Reduced investments in 5G infrastructure

Which region has seen a significant cutback in 5G infrastructure investments affecting Nokia and Ericsson?

• United States

• Europe

• Asia

• Africa

What is the predicted upside for Nokia according to analysts?

• 45%

• 40%

• 35%

• 30%