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
3,500 jobs Number of planned job losses
Announcement Date
29 September 2011
Employment effect (start)
1 October 2011
Foreseen end date
31 December 2011
Description
Nokia is to close a factory in Romania and restructure activities in Germany and US-based sites. Overall 3,500 jobs will be cut.
The factory in Cluj (Romania) will close by the end of 2011, resulting in the loss of 2,200 jobs. Nokia will also cut another 1,300 jobs at logistics and sales division, based in Bonn (Germany) and Malvern (Pennsylvania, United States). The Cluj factory assembles low-end phones. Nokia will shift the production of these units to Asia. The closure of the factory is remarkable, as Nokia opened the plant in 2008.
The announcement of the loss of 3,500 jobs comes on top of earlier restructurings at Nokia. Moreover, the company intends to review its production at factories in Finland (Salo), Hungary (Komarom) and Mexico (Reynosa). Results of these restructurings will be announced in the first quarter of 2012.
Sources
29 September 2011: Financial Times
Citation
Eurofound (2011), Nokia, Internal restructuring in World, factsheet number 72411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72411.
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