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 telephone manufacturer Nokia plans to cut up to 230 jobs in research and development in Oulu, while at the same time cutting back on its selection of models.
Nokia Siemens Networks, which is half-owned by Nokia, has a plant in Oulu, which employs nearly 900 people. The plant mainly manufactures base stations for mobile telephones. The employees at the plant do not expect that the mother company's cutbacks in Oulu will affect them.
It is expected that some of the employees whose jobs are to be cut will find new work in Nokia.
Nokia is also offering economic support for those who resign voluntarily. In previous rounds of personnel cuts, the packages have been worth 5 - 15 months' pay, depending on how long the employee has worked for Nokia.
Nokia-Siemens Networks plant in Oulu employs some 2,000 workers.
Eurofound (2009), Nokia, Internal restructuring in Finland, factsheet number 70047, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70047.