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.
Eurofound (2025), Nokia, Internal restructuring in France, factsheet number 203717, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203717.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
