Nokia to Terminate Fewer than Expected Jobs in Finland

NOKIA on Tuesday announced it has completed its latest round of consultative negotiations and decided to terminate a total of 350 positions at its three branches in Finland: Espoo, Oulu and Tampere.

The number of job cuts is 97 lower than the network equipment manufacturer estimated at the start of the statutory negotiations in mid-October.
The cuts are part of a group-wide, three-year effort to reduce operating costs by 800–1,200 million euros, partly through the termination of 9,000–14,000 jobs worldwide. Nokia presently has a global staff of 86,000, over 6,000 whom are based in Finland.

The former mobile phone giant said people affected by the cuts will be offered the opportunity to participate in a programme intended to help them to find a new role within the company, outside the company or become self-employed.

Nokia has terminated almost 600 jobs in Finland in 2023, according to Helsingin Sanomat. Over the past three years, though, it has also brought in 1,400 new employees in the country, mostly to research and product development roles.