Nokia Records 20% Drop in Sales and Plans Layoffs: Economic Uncertainty and Cost Savings in Focus
In the third quarter of this year, Nokia recorded a 20 percent drop in sales, amounting to almost five billion euros (123.66 billion crowns). At the same time, operating profit also fell to 241 million euros, which represents 5.96 billion crowns in conversion. Compared to last year, the profit fell by more than half. Dissatisfying … Read more