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.
The mobile phone company Nokia has concluded personnel negotiations that started in February 2007. A total of 180 jobs will be cut from sales and marketing activities and internal IT operations.
In February 2007 Nokia started personnel negotiations concerning a maximum of 700 employees globally and approximately 340 in Finland.
Nokia is aiming to redeploy affected employees into new positions within the company and also plans to introduce voluntary arrangements for employees. Where applicable, Nokia will start the consultation process with employee representatives about the planned changes.
'We have a number of positions open in Nokia and the affected people are naturally priority candidates for positions that match their competencies,' said Juha Äkräs, Senior Vice President, Nokia Human Resources. 'We have a good track record from previous years of redeploying employees in similar situations.' In 2006, close to 10,000 people rotated into new positions within the Nokia group.
The restructuring mainly affects Nokia's Enterprise Solutions business group, Nokia's IT organisation and part of the Software Platforms activities in Nokia's Technology Platforms unit.
Eurofound (2007), Nokia, Internal restructuring in Finland, factsheet number 64948, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64948.
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