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.
Nokia, the Finnish network equipment manufacturer, announced the elimination of 253 positions across its Espoo, Tampere and Oulu sites. The cuts are part of a cost-saving programme intended to reinforce competitiveness and enable investment in strategic areas such as defence, artificial intelligence and data centre capabilities.
Cooperation negotiations with employees commence on 12 October 2026. The company stated that the reductions will be executed responsibly, with affected staff receiving detailed information about the process, available options and support measures.
The restructuring is driven by a need to reduce operating costs in a rapidly evolving market environment. According to an employee representative for senior salaried staff, the announcement was expected, as they've seen cooperation negotiations previously begin in the autumn.
Nokia employs approximately 6,800 people in Finland.
The last time Nokia announced a larger internal restructuring, leading to more than 100 job losses in Finland, was in the Spring of 2026 Nokia 2026 - FI.
Eurofound (2026), Nokia, Internal restructuring in Finland, factsheet number 301232, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301232.
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