StartupsLight Readingabout 2 hours ago
Nokia Raises Restructuring Charges to €1.1 Billion
6 min read
Nokia CEO Justin Hotard confirms the company forecasts €1.1 billion in restructuring charges for 2025, up from €800 million previously. This increase stems from accelerated Infinera integration and China facility closures. While optical sales grew 25%, operating margins shrank to 1.6% as the firm cuts 14,000 jobs since 2020.
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