Nokia - up to 15,000 Layoffs Possible after Merger

http://www.bloomberg.com/news/articles/2016-04-06/nokia-plans-global-restructuring-to-save-costs-in-alcatel-deal

Union officials have been bracing for the cuts since last year, when Chief Executive Officer Rajeev Suri set a goal of lowering annual operating costs by about 900 million euros ($1.02 billion) in 2018 by reducing overlapping products, services and sales positions after the $18 billion takeover. Earlier, he revived Nokia’s struggling networks business by slashing costs and focusing on more lucrative equipment and service contracts.