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 26.30 - Manufacture of communication equipment
New offshoring locations
China, India
1,000 jobs Number of planned job losses
Announcement Date
8 February 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
Nokia, a Finnish communications corporation, has announced redundancies of up to 1,000 employees from its assembly plant in Salo, Finland. Job cuts will be completed by the end of 2012 and the company is promising support packages for dismissed workers. The company is about to start mandatory negotiations with employee representatives.
Nokia is transferring some of its phone production closer to component makers in Asia. There is no information where production will be moved as of yet. The company has Asian production facilities in China, India, South Korea and Vietnam (under construction). The factory in Salo will focus on smart phone production with a reduced workforce.
This is the third set of redundancies by Nokia within a year (see FS 17989 and FS 16661). Previous cuts in Finland have concentrated on product development. This time Nokia is also planning redundancies in Hungary and Mexico.
Updated, 22-03-2012: Nokia has concluded negotiations and confirmed the previously announced 1,000 cuts. The company reports that cuts will be phased and most of them will be implemented by the end of June 2012.
Eurofound (2012), Nokia, Offshoring/Delocalisation in Finland, factsheet number 73057, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73057.
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.
