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.
Information / Communication Information Communication Services Telecommunications 61.20 - Wireless telecommunications activities
500 jobs Number of planned job creations
Announcement Date
25 June 2021
Employment effect (start)
Foreseen end date
31 December 2021
Description
Finnish ICT-company Nokia is to hire a total of 500 new employees in their Nokia Mobile Networks Unit in Finland by the end of 2021, due to its heavy investment in the development of 5G networks. Most of the newly created positions are in system circuits and software development.
According to the company, it is launching a new line of 5G products and new employees are needed to support the company's development in 5G technology. The CEO revealed that the number of 5G product developers has increased by 40%, and the number of system circuit developers has increased by 200% from the start of 2019 to the end of 2020. The CEO also stated that these investments would increase the company's competitiveness in the market.
Nokia is a Finnish ICT-company with around 6,200 employees in Finland. From 2018 to 2020, Nokia has hired about 1,200 employees in Finland, mainly for product development in Espoo, Tampere and Oulu.
Eurofound (2021), Nokia, Business expansion in Finland, factsheet number 105046, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105046.
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