Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Finnish company Nokia specializing in telecommunications has announced it is cutting 427 jobs (including 141 managerial-level occupations) through a collective voluntary termination agreement, mainly in support functions, services and R&D, as part of a global restructuring plan announced in 2023. It will affect its sites in Nozay, Massy and Lannion.
This reduction has been prompted by the slowdown of its traditional business lines, mobile phones and telecom infrastructure, while the company gravitates toward AI and hyperscalers, which offer stronger growth prospects.
Many restructurings have been recorded in the ERM database : Nokia 2017 - FR Nokia France 2019 - FR Nokia 2020 - FR Nokia Network France 2024 - FR
Eurofound (2025), Nokia, Internal restructuring in France, factsheet number 203717, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203717.