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
2,900 jobs Number of planned job losses
Announcement Date
27 April 2011
Employment effect (start)
31 December 2011
Foreseen end date
31 December 2011
Description
Finnish mobile phone company Nokia has announced plans to cut up to 2900 jobs in Finland. Cuts include both dismissals and outsourcing.
Nokia is starting mandatory negotiations with its employees on the proposed cuts, which include 1400 lay-offs and a transfer of 1500 employees to software development firm Accenture.
Nokia's cuts are linked to its declining market share in smart phones and the resulting strategic partnership with Microsoft. Nokia will start replacing its Symbian operating system with Microsoft's Windows Phone. Nokia has promised that those affected can remain on its payroll through 2011 and it is also planning other support measures. Nokia's operations would continue in all current locations (Espoo, Oulu, Salo, Tampere).
Sources
27 April 2011: YLE Internet News
27 April 2011: Helsingin Sanomat
22 June 2011: Taloussanomat
Citation
Eurofound (2011), Nokia, Outsourcing in Finland, factsheet number 71894, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71894.
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