Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden's Ericsson and China's Huawei.

Nokia to cut up to 10,000 jobs over next 2 years

Hundreds of Nokia's employees have risen up in protest holding up t-shirts that read: COVID-19 spared me, but Nokia wants to kill me with CEO Rajeev Suri being a special target.

Can Nokia's new CEO Pekka Lundmark beat Huawei, Ericsson in 5G race?

Nokia's chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be replaced by the current head of Finnish energy group Fortum, Nokia announced on Monday.

Nokia CEO to step down, replaced by Fortum chief

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Nokia to cut up to 10,000 jobs over next 2 years

Can Nokia's new CEO Pekka Lundmark beat Huawei, Ericsson in 5G race?

Nokia CEO to step down, replaced by Fortum chief