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.
The mobile phone company Nokia has started personnel negotiations concerning 200 employees - approximately half in Finland - working in the Services & Software unit. Nokia aims to reemploy affected employees into new positions within the company, and also plans to introduce voluntary arrangements for employees. Nokia's Services & Software unit has announced plans to refine parts of its global research and development activities. While Nokia continues to grow its investments in consumer Internet services, the unit plans to integrate some of the content delivery services into a single service. Nokia's Internet services strategy continues unchanged with a focus on key service areas such as music, games, messaging and location based services. The aim of the personnel negotiations is to find alternative solutions and work for as many employees as possible within Nokia, at which the company has a good track record from previous years. "This year we plan to hire more people into the Services & Software unit than the number of affected employees, so we expect that many employees will be able to transition to new jobs within Nokia" said Niklas Savander, Executive Vice President, Services & Software in the press release.
Sources
20 August 2008: Helsingin Sanomat
Citation
Eurofound (2008), Nokia, Internal restructuring in World, factsheet number 66986, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66986.
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