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Nokia and Ericsson to axe staff

400 and 3,300 respectively

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Internet Security Threat Report 2014

Nokia is to axe 300 to 400 jobs to slim down its high-speed Internet broadband systems division.

The company is also splitting the division into two units - broadband access and narrowband access - to take effect in Q2.

The job cuts will mainly affect R&D staff.

Rival Ericsson has announced plans to cut 3,300 jobs in Sweden and Britain. It intends to cut costs by at least 20 billion crowns ($1.96 billion) from 2002.

Ericsson is finding the mobile handset market tough and it is going to stop production at two mobile phone plants, which it aims to sell.

The plants are at Carlton in Nottinghamshire and Scunthorpe, Lincolnshire. Production at these plants is due to end by late September with the loss of 1,200 jobs.

Union leaders say they will fight to make sure UK job losses were not compulsory. ®

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