The Finnish telecoms equipment maker Nokia would cut 14,000 jobs, or 16 percent of its global workforce, following a 20 percent slump in third-quarter sales. The company announced on Thursday that it needed to cut costs in the face of slowing demand for next-generation 5G equipment in countries such as the United States. Nokia is aiming to make savings of between €800 million ($842 million) and €1.2 billion by 2026 to achieve operating margins of at least 14 percent.
