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
European Globalisation Fund (EGF)
Year: 2016, Case number: 1
2,300 jobs Number of planned job losses
Announcement Date
9 July 2015
Employment effect (start)
9 July 2015
Foreseen end date
Description
The Nokia plant based in Salo will be closed down with the loss os 2,300 jobs. The closure is part of the announced 7,800 jobs cut which Microsoft annoounced. Nokia was previously acquired by Microsoft in 2012. Some tasks will be moved to Espoo and Tampere where some high-end product activities will still be carried on.The main reason behind the workforce reductions at Microsoft is the declining market share of its phones using the Microsoft Windows operating system.
Eurofound (2015), Microsoft, Internal restructuring in Finland, factsheet number 83984, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83984.
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