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 has announced plans to cut up to 156 jobs in Finland as part of a restructuring aimed at simplifying its operating model and adapting to market changes driven by digitalisation and artificial intelligence
In a message sent by a company representative to the employees, jobs may be cut, particularly in the company's mobile phone network business. Nokia in Finland is instead focusing on strategically important sectors, such as the defence industry and AI.
The company has initiated formal change negotiations with employee representatives, which are scheduled to begin on 2 March 2026.
Nokia employs 6,600 people in Finland in Espoo, Tampere, and Oulu.
Eurofound (2026), Nokia, Internal restructuring in Finland, factsheet number 204325, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204325.
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