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
700 jobs Number of planned job losses
Announcement Date
15 February 2007
Employment effect (start)
Foreseen end date
Description
The mobile phone company Nokia is starting personnel negotiations concerning a maximum of 700 employees globally and approximately 340 in Finland. Job cuts are to take place in sales and marketing activities and internal IT operations. Nokia plans to adjust its workforce within these functions to reflect business needs and the geographical shift in business growth.
Nokia aims to reemploy affected employees into new positions within the company, and also plans to introduce voluntary arrangements for employees. Where applicable, Nokia will start the consultation process with employee representatives about the planned changes.
"We have a number of positions open in Nokia, and the impacted people are naturally priority candidates for positions that match their competencies," said Juha Äkräs, Senior Vice President, Nokia Human Resources. "We have a good track record from previous years of redeploying employees in similar situations." In 2006, almost 10,000 people rotated into new positions across the Nokia group.
Nokia's Enterprise Solutions plans to sharpen its focus on markets where there is greater return on investment, which will strengthen the business group's ability to compete effectively. It is estimated that globally approximately 360 employees in Enterprise Solutions and 30 employees in Customer and Market Operations will be affected by these changes.
In Nokia's IT organization, there is an adjustment need affecting 130 employees globally. This reflects the continuous drive for an effective operating model within the IT organisation, with a clear focus being placed on areas of greatest value and competitive advantage to Nokia's business.
Nokia is also reviewing the Software Platforms activities in its Technology Platforms unit and planning actions to improve focus and efficiency in R&D. It is estimated that these plans will impact approximately 140 jobs.
Sources
16 February 2007: Helsingin Sanomat
Citation
Eurofound (2007), Nokia, Internal restructuring in World, factsheet number 64989, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64989.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
