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.
Nokia Siemens Networks has announced redundancies of up to 1,200 employees in its Finnish units in Espoo, Oulu and Tampere. The company is starting mandatory negotiations with employee representatives on the 8th February 2012.
The tentative regional breakdown of job cuts in Finland is as follows: 700 inEspoo, 150 in Oulu, and 350 in Tampere.
Nokia Siemens Networks is a joint venture of the mobile communication companies Nokia and Siemens. The redundancies are a result of the company's decision to focus on wireless broadband equipment at the expense of fixed line communications. In November, Nokia Siemens Networks had announced to cut 17,000 jobs worldwide (see here).
Updated, 22-03-2012: Nokia Siemens Networks (NSN) has concluded negotiations and announced the dismissal of 624 employees from its Finnish locations. It was previously announced that 240 employees will be outsourced to Tieto (an IT services company). In addition, NSN reports that approx. 150 employees have left the company since redundancies were originally announced.
As reported, Finland has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2012), Nokia Siemens Networks, Internal restructuring in Finland, factsheet number 73038, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73038.