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, a Finnish telecommunications company, announced a reduction of 1,100 jobs across its European operations. The cuts target key infrastructure roles in: Finland - in October, with 253 job cuts Nokia 2026 - FI and in February, with 121 job cuts Nokia 2026 - FI; Poland (241 positions) and Romania (211 positions).
Further reductions planned in mobile, fixed-line, IP and optical network segments throughout the EU.
The restructuring is part of Nokia’s program to cut operating costs by year-end 2026, with the last measure being the aligning workforce capacity with a strategic shift toward artificial intelligence and emerging technologies.
The European layoffs are a part of a massive global layoff plan, affecting countries such as China, with 1,400 redundancies.
This layoff will impact approximately 20% of Nokia's workforce of 74,000 employees.
Eurofound (2026), Nokia, Internal restructuring in World, factsheet number 301323, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301323.
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