Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
18 March 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Nokia, the world´s leading mobile phone maker, said it plans to cut 1,700 jobs globally in the next couple of months. The workforce reduction is part of a major cost-cutting drive and will be across a number of departments, including marketing, development and support functions. About 700 jobs will be lost in Finland. Nokia employs about 125,000 people worldwide.


Sources

  • 18 March 2009: Hospodárske noviny
  • : ()

Citation

Eurofound (2009), Nokia, Internal restructuring in World, factsheet number 68516, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68516.