In its latest financial review delivered to further its digital health business, Nokia has announced that more than 400 jobs could be cut in its home country Finland.
Nokia is one of the leading technological companies amid a tough market looking at opportunities to expand its telecom network gear business and grow its digital health unit.
In a recent financial review the company stated that “the strategic review of the digital health business may or may not result in any transaction or other changes”.
A similar movement was made by Nokia in 2006 when it bought a French company named Withings known for its activity trackers and thermometers as an initial strive into the health market.
The outcome of this purchase was the expense of €170 million being spent and 200 jobs cut.
Currently there are 6300 Nokia employees in Finland, cutting over 400 workers would be a 16% reduction in staff.