Nokia Networks

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Uusimaa, Tampere, Jyväskylä, Oulu
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
1,800 jobs
Number of planned job losses
Job loss
Announcement Date
10 April 2003
Employment effect (start)
Foreseen end date
1 April 2003

Description

Nokia Networks aims to improve its profitability and adapt the production in order to meet market demand.

On May 2003, Nokia Networks announced is new restructuring plan affecting more than 1000 employees in Finland.

Sources

  • 29 May 2003: Helsingin Sanomat

Citation

Eurofound (2003), Nokia Networks, Internal restructuring in Finland, factsheet number 59510, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59510.