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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.3 - Manufacture of communication equipment
European Globalisation Fund (EGF)
Year: 2012, Case number: 06
730 jobs Number of planned job losses
Announcement Date
14 June 2012
Employment effect (start)
14 June 2012
Foreseen end date
31 December 2013
Description
As announced on 14 June 2012, a multinational company Nokia will cut 730 jobs in Germany. The decision is due to severely decreasing sales.
Nokia's market share decreased from 40 percent in 2007 to 20 percent in 2012. In Germany, job cuts affect Nokia's research center in Ulm, which currently employs 730 people. Nokia runs another site in Berlin, employing 600 people, but no reduction plans have been announced for this location thus far.
Global Nokia employment sums up to 53,500, without Nokia Siemens Networks employees, which had been affected by earlier job reductions. Worldwide, the company plans to cut additional 10,000 jobs.
The restructuring plan for Germany is to be implemented by the end of 2013.
Sources
14 June 2012: Stern (online)
14 June 2012: Frankfurter Allgemeine Zeitung (online)
15 June 2012: Handelsblatt
Citation
Eurofound (2012), Nokia, Internal restructuring in Germany, factsheet number 73748, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73748.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
