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 - Manufacture of computer, electronic and optical products
140 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59408.
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