Nokia plans more cost-cutting as Q3 margins fall

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(Telecompaper) Nokia has announced plans for another EUR 700 million in cost reductions, in order to meet its goal of raising the adjusted operating margin to 12-16 percent by 2020. The announcement came alongside third-quarter results showing a 1 percent fall in revenues and a drop in the margin to 8.9 percent. 
Source: Industry News (syndicated from Telecompaper.com)

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