Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,820 jobs
Number of planned job losses
Job loss
Announcement Date
12 November 2008
Employment effect (start)
12 November 2008
Foreseen end date

Description

Nokia Siemens, the joint venture telecommunication networks, has announced that it is to cut 1,820 jobs, mainly in Finland and Germany. The company which currently employs 60,200 employees around the world, is undergoing its restructuring plan and is planning to dismiss 750 people in Finland and to close one centre in Germany (Munich) with 500 workers and to sell another German business unit with 500 employees to its local management. The remaining job cuts are to be implemented in Egypt and United States.


Sources

  • 12 November 2008: Hospodárske noviny

Citation

Eurofound (2008), Nokia Siemens Networks, Internal restructuring in World, factsheet number 67410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67410.