Nokia in Finland, which is competing with Huawei in China for high-speed and large-capacity communication standards and 5G, has announced a policy to reduce costs by reducing the number of employees by up to 10,000 and to allocate that amount to R & D expenses. I made it.
Nokia in Northern Europe Finland is competing for market share with Huawei in China and Ericsson in Sweden for equipment such as base stations, which are the basis of 5G.
Nokia will reduce the number of employees in the world by up to 10,000 within the next two years out of 90,000 employees on the 16th, and will cost 600 million euros by the end of 2023, about 77 billion yen in Japanese yen. Announced plans to reduce costs.
The reduced funds will be used to increase R & D costs to strengthen 5G's competitiveness.
Nokia explains that "the impact on employees should never be underestimated, but it is a necessary step towards long-term performance."
In the 5G field, there is a movement to eliminate Huawei in Europe and other countries, so it is an opportunity for rival companies to expand their market share and enter the market, and competition among Japanese companies such as NEC is intensifying.