Nokia

Type
Internal restructuring
Country
United Kingdom
Region
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
700 jobs
Number of planned job losses
Job loss
Announcement Date
27 April 2011
Employment effect (start)
Foreseen end date
31 December 2012

Description

Mobile phone manufacturer Nokia is to cut about 700 jobs in the UK as part of plans to reduce its global workforce by 4,000 within two years. The cuts will be mainly in research and development as well as software divisions. The jobs would go by the end of 2012 as it looked to cut costs by one billion euros (£886m).

Sources

  • 27 April 2011: BBC

Citation

Eurofound (2011), Nokia, Internal restructuring in United Kingdom, factsheet number 71910, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71910.