New administration of nokia

Last year, Nokia’s new CEO Pucca Lundmark is said to have set the biggest goal of matching with Nokia’s rival Ericsson.

4 business groups

According to the new plan released in October by Nokia led by Pekka Lundmark, Nokia is expected to operate in 4 business groups, capturing all future businesses and opportunities.

5G services

Not only this, with 5G services currently in the world, it aims to be a global leader in the business of selling infrastructure and technology.

Huawei recession

Meanwhile, Huawei has been banned in many parts of the world for making excuses in 5G-capable devices and technology, and the company’s business opportunities are booming.

long term plan

Pekka Lundmark’s main goal is to create new business in the long run beyond capturing short-term business. Not only this, it has set an annual financial target for each business sector.

10,000 employees hired

Nokia also predicts that the restructuring will save between 600 600 million and 700 700 million per year through other management changes, including layoffs of 10,000 employees.