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
0 - 170 jobs Number of planned job losses
Announcement Date
6 April 2016
Employment effect (start)
Foreseen end date
8 September 2017
Description
Finnish communication technology company Nokia is to dismiss 219 employees as part of a corporate restructuring plan. Nokia plans about 15,000 job cuts worldwide, after the acquisition of telecommunications equipment company Alcatel Lucent.
The management announced that further details will be issued after consultations with unions and the government that will commence by the end of April 2016.
The unions called for an active involvement of the Ministry of Economy and Development and announced assemblies to discuss actions to undertake. According to unions, the recurrent dismissals hide an ongoing delocalisation process.
Update, 08/09/2016: After negotiations held at the Ministry of Economic Development and a referendum among workers, the management of Nokia finalised an agreement with unions avoiding the previously announced lay-offs. Up to 170 employees will be placed on the Wages Guarantee Fund for 12 months on rotation. In the meantime, measures promoting internal and external relocation will be activated. The company will also offer incentives for voluntary dismissals without setting any minimum target.
The management and the unions will meet over the next months in order to monitor the outcomes of the agreement.
Sources
6 April 2016: La Repubblica
7 April 2016: Il Sole 24 Ore
15 July 2016: Il Sole 24 Ore
9 September 2016: Il Sole 24 Ore
Citation
Eurofound (2016), Nokia, Internal restructuring in Italy, factsheet number 87313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87313.
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