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Nokia is starting downsizing negotiations in Finland

03. 05. 2023 Wednesday / By: Robert Denes / Generic / Exact time: BST / Print this page

S ystem circuit product development and the Oulu factory are not included in the change negotiations. Nokia has asked staff representatives in Finland to change the talks, which are estimated to result in up to 208 job cuts.

According to Nokia's press release, the plans apply to all Nokia sites in Finland, but system-on-chip (SoC) product development and the Oulu factory are not included in the change talks.

Nokia announced in March 2021 that it will start cutting costs. The company estimated at the time that this would lead to approximately 5-10,000 job losses worldwide. Nokia employs approximately 7,000 people in Finland in Espoo, Oulu and Tampere.

We got the basics of our business in order and moved into the acceleration phase of our updated strategy. Nevertheless, we have begun to see some signs that the general economic operating environment is affecting the purchasing behavior of our customers. We have to respond to this change as part of our program launched in 2021, says Tommi Uitto, head of the Nokia Mobile Networks business and manager in Finland, in a press release.

Our goal is to ensure long-term sustainable and profitable growth. These decisions are never easy and we do everything we can to support our staff in this situation, Uitto continues.

In March 2021, Nokia announced a program aimed at reforming its cost structure, which, according to forecasts, will lead to an organization of 80,000-85,000 people worldwide instead of the previous approximately 90,000, with the exact numbers depending on market developments.

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