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.
Finnish mobile phone maker Nokia has announced possible further redundancies of up to 300 workers from its Finnish locations. The company is starting negotiations with employee representatives on the proposed cuts.
These redundancies by Nokia come in the heels of dismissals and outsourcing of over 2000 workers, announced earlier this year. Globally, Nokia is planning to cut 3500 jobs this time. The redundancies in Finland will mainly come from Nokia's Location & Commerce unit. The company is also considering the future of its assembly plant in the southern town of Salo.
Eurofound (2011), Nokia, Internal restructuring in Finland, factsheet number 72451, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72451.