Nokia

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
290 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2006
Employment effect (start)
Foreseen end date

Description

On 31 January 2006, the mobile phone giant Nokia, announced a restructuring programme for its networks and enterprise solutions business group in order to cut 290 jobs. The majority of the cuts will be carried out through redeployment in other business units. However, it is unclear how many of the redundant employees will find new positions elsewhere.

At the end of 2005, Nokia employed 58,874 people globally, of whom 23,485 worked in Finland. Nokia employed 13,237 research and development personnel in Finland at the end of 2005.

Sources

  • 1 February 2006: Helsingin Sanomat

Citation

Eurofound (2006), Nokia, Internal restructuring in Finland, factsheet number 62906, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62906.