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 mobile phone company Nokia is starting personnel negotiations concerning a maximum of 700 employees globally and approximately 340 in Finland. Job cuts are to take place in sales and marketing activities and internal IT operations. Nokia plans to adjust its workforce within these functions to reflect business needs and the geographical shift in business growth.
Nokia aims to reemploy affected employees into new positions within the company, and also plans to introduce voluntary arrangements for employees. Where applicable, Nokia will start the consultation process with employee representatives about the planned changes.
"We have a number of positions open in Nokia, and the impacted people are naturally priority candidates for positions that match their competencies," said Juha Äkräs, Senior Vice President, Nokia Human Resources. "We have a good track record from previous years of redeploying employees in similar situations." In 2006, almost 10,000 people rotated into new positions across the Nokia group.
Nokia's Enterprise Solutions plans to sharpen its focus on markets where there is greater return on investment, which will strengthen the business group's ability to compete effectively. It is estimated that globally approximately 360 employees in Enterprise Solutions and 30 employees in Customer and Market Operations will be affected by these changes.
In Nokia's IT organization, there is an adjustment need affecting 130 employees globally. This reflects the continuous drive for an effective operating model within the IT organisation, with a clear focus being placed on areas of greatest value and competitive advantage to Nokia's business.
Nokia is also reviewing the Software Platforms activities in its Technology Platforms unit and planning actions to improve focus and efficiency in R&D. It is estimated that these plans will impact approximately 140 jobs.
Eurofound (2007), Nokia, Internal restructuring in World, factsheet number 64989, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64989.
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