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Nokia delists from Stockholm exchange

Finnish mobile phone maker Nokia is delisting from the Stockholm stock exchange, having had a listing there since 1983.

Published: 1 June 2007 17:41 CEST

“Trading in Nokia shares on the Stockholm exchange has fallen over the past few years,” said Anna Svensson, spokeswoman Nokia Scandinavia.

Another reason for the move is that the Helsinki and Stockholm exchanges have been integrated through the OMX Nordic Exchange, making separate listings in both cities unnecessary.

Nokia is also delisting in Paris and London, but will remain listed in Helsinki, Frankfurt and New York.

The approximately 100,000 Swedish Nokia shareholders were notified of the change in February. A reminder was sent last week.

“I believe that all shareholders are informed,” said Svensson.

JOB CUTS

Nokia to cut 600 jobs in France

Finnish telecoms giant Nokia said Thursday it planned to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses.

Published: 7 September 2017 11:57 CEST
Nokia to cut 600 jobs in France
AFP
The group said it planned to reduce its headcount in France by 597, a little over 10 percent of its total workforce in the country, with French trade unions calling the move “unacceptable.”
 
Nokia, which no longer makes handsets having sold that business to Microsoft, bought French-American telecoms equipment maker Alcatel-Lucent in 2015 in a deal that was expected to lead to savings.
   
The cuts in France will be focused on administrative and support services and will not effect research and development as it refocuses on high-speed 5G telecom networks, cybersecurity and internet-linked appliances, the group said.
   
Nokia is aiming to make 1.2 billion euros (1.4 billion dollars) in total cost savings by the end of 2018 following net losses of 766 million euros last year.