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Finland hopes e-fuels can recreate the Nokia magic

January 22, 2025 Mariel Alumit

  Energy company Freija AS has announced plans to build a major e-methane production facility in the Finnish town of Nokia – the original home of the former phone giant.  The announcement yesterday is a victory […]

Jobs

Telecom Giant Nokia Plans 14,000 Job Cuts As Profits Plunge, 5G Market Struggles

October 20, 2023 Mariel Alumit

Telecom giant Nokia announced as many as 14,000, or roughly 16% of its workforce, will be laid off, warning the “timing of the market recovery is uncertain” after weaker demand for 5G equipment. Bloomberg data shows Nokia employs […]

International News

Nokia announces massive job cuts

October 20, 2023 Mariel Alumit

Finnish telecom multinational Nokia announced that it would slash up to 14,000 workers as part of a broader cost reduction plan after the company’s earnings plunged 69% in the third quarter. The announcement was made […]

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