Internal restructuring
Manner-Suomi; Etelä-Suomi; Uusimaa
Location of affected unit(s)
Espoo and other locations
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26.3 - Manufacture of communication equipment

148 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2020
Employment effect (start)
3 March 2020
Foreseen end date
31 December 2020


Nokia, a multinational telecommunications equipment and data networking company, announced its plans to dismiss up to 148 employees in Finland by the end of 2020. Although this restructuring event affects almost all of Nokia's Finnish units, the focus is on the units based in Espoo. The manufacturing unit in Oulu and the 5G development unit will not be affected by the dismissals. The company seeks to support affected employees through a social programme. 

These planned dismissals are part of a restructuring and savings programme that Nokia announced in 2018. This programme is expected to create savings worth €700 million until the end of 2020. As part of this program, the company dismissed 280 staff members in 2019 in Finland. During the past years, Nokia has reduced staff in Finland also in January 2018April 2018 and June 2017



Eurofound (2020), Nokia, Internal restructuring in Finland, factsheet number 100082, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100082.