Restructuring events
European Restructuring Monitor (ERM)
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.
Nokia Siemens Networks, manufacturer of communications network equipment, has announced redundancies of up to 150 employees in Finland. The company has started negotiations with employee representatives on the cuts. Nokia Siemens Networks (NSN) employs approximately 5,900 persons in Finland.
It has announced up to 150 redundancies primarily from support services: financial administration, sales, logistics, purchasing (excluding product development and manufacturing units). The company states that redundancies are necessary in order to increase effectiveness and to reduce overlap between units. Layoffs are likely to occur mostly in Espoo. Labour unions have criticized the company for moving jobs from Finland, attributing the redundancies to the fact that in Finland it seems to be easier and cheaper compared to other countries like i.e. Germany. For the most recent restructuring announced by NSN see NSN-FI2012.
Updated, 14/06/2013: NSN has confirmed that it will lay off 120 persons. Most redundancies will take place in Espoo, but the unit in Salo will be closed completely.
Eurofound (2013), Nokia Siemens Networks, Internal restructuring in Finland, factsheet number 75392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75392.