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
290 jobs Number of planned job losses
Announcement Date
31 January 2006
Employment effect (start)
Foreseen end date
Description
On 31 January 2006, the mobile phone giant Nokia, announced a restructuring programme for its networks and enterprise solutions business group in order to cut 290 jobs. The majority of the cuts will be carried out through redeployment in other business units. However, it is unclear how many of the redundant employees will find new positions elsewhere.
At the end of 2005, Nokia employed 58,874 people globally, of whom 23,485 worked in Finland. Nokia employed 13,237 research and development personnel in Finland at the end of 2005.
Sources
1 February 2006: Helsingin Sanomat
Citation
Eurofound (2006), Nokia, Internal restructuring in Finland, factsheet number 62906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62906.
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