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.
On 28 April 2009, Nokia announced plans to cut 450 jobs worldwide, including 100 jobs in Finland.
"The planned changes are aimed at improving and simplifying the user experience of Nokia services, increasing opportunities for third party developers and other partners to create compelling services, and accelerating the development of a common platform for Nokia's different service offerings," said Niklas Savander, Executive Vice President, Services, Nokia.
As part of the announced changes, all mobile games will now become available through the Ovi Store and existing channels. "We believe this will create a better experience for Nokia's millions of customers and spur opportunities for game developers," Savander continued.
In addition, Nokia will add a variety of third party partners, such as other image and social networking sites, to the image capture and sharing features on its devices. This move is aimed at enhancing the Nokia device experience for those customers who actively use third party services.
As a result, many of these changes will also help Nokia to realize cost-efficiencies in a number of areas and will thus streamline operations in many of its Services entities.
In addition, Nokia also plans to streamline its internal IT and Compatibility & Industry Collaboration activities in the Corporate Development Office unit.
All of these measures are part of Nokia's previously announced plans to adjust its business operations and cost base in accordance with market demand and to safeguard future competitiveness. Nokia continues to seek savings in operational expenses, looking at all areas and activities across the company.
Eurofound (2009), Nokia, Internal restructuring in World, factsheet number 68885, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68885.
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