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Nokia negotiates up to 180 Finnish job cuts

Wednesday 15 January 2020 | 11:58 CET | News

Finnish company Nokia has announced it is entering talks workers with an aim to cut up to 180 jobs in Finland this year, according to an article on public broadcaster YLE's English website. Nokia said the redundancies would affect employees at facilities across the country, but mostly at its headquarters in Espoo. Nokia said the cuts would not affect development of 5G technologies or its factory in Oulu.

Nokia's president of mobile networks, Tommi Uitto, said the company wants to safeguard its long-term competitiveness, and will support staff affected by downsizing. The job cuts are part of its broader goals to reduce annual costs by EUR 500 million set out in 2018.

Uitto said the company has reduced its savings target from EUR 700 million in order to invest in 5G technology development and digitisation. He said that Nokia hired 370 employees in 2019. The company currently employs about 6,000 people in Finland.



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Categories: Mobile & Wireless
Companies: Nokia
Countries: Finland
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