Nokia

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
140 jobs
Number of planned job losses
Job loss
Announcement Date
16 January 2004
Employment effect (start)
Foreseen end date

Description

Nokia plans to streamline its digital TV receiver business due to slow market uptake.

Therefore, Nokia is adjusting its digital TV activities to match the current market situation and future expectations. The company will start cooperation negotiations which aim at reducing the workforce by approximately 140 employees in the Home Communications unit, which is part of the Multimedia Business Group, one of the four groups belonging to Nokia. Up to 90 of the planned personnel reductions will be in Finland and approximately 50 in other countries.

Sources

  • 16 January 2004: Helsingin Sanomat

Citation

Eurofound (2004), Nokia, Internal restructuring in World, factsheet number 59408, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59408.