Finland to searching for ecu resource to address Microsoft, Nokia Layoffs

Finland to Seek EU Aid to Cope With Microsoft, Nokia Layoffs
Finland says it’ll follow for eu assist to address latest redundancies, in particular amongst workers at Microsoft and Nokia.

Justice and Employment Minister Jari Lindstrom says the Nordic u . s . a . has formerly had a “top experience” of european guide – economic and otherwise – for big numbers of laid off employees within the generation quarter, which has been hurt by using competition from Apple, Samsung and others.

last week, Microsoft announced 1,850 job cuts, while Nokia earlier stated it is dropping 1,050.

Nokia bought its troubled devices unit to Microsoft in a $7.five billion (roughly Rs. 50,366 crores) deal in 2014, causing heaps of layoffs, however Microsoft also turned into unable to show round the business as customers didn’t warm to the home windows model of Lumia phones initially launched via the Finnish firm.