Nokia will lay off 350 people in Finland
- December 5, 2023
- 0
Nokia announced on Tuesday that it would “lay off no more than 350 people” in Finland. As reported by Ukrinform, So. The decision was announced following the conclusion
Nokia announced on Tuesday that it would “lay off no more than 350 people” in Finland.
As reported by Ukrinform, So.
The decision was announced following the conclusion of Nokia’s restructuring and downsizing negotiations.
It was noted that the changes will be valid in all representative offices of the company in Finland. At this time, the exact number of workers to be laid off at each business is unknown.
Nokia has offices in Espoo, Oulu and Tampere, but the Oulu factory was not included in the restructuring talks.
Earlier Tuesday, the company announced it had lost a major contract in North America to Ericsson – Ericsson signed a $14 billion contract with AT&T, the largest telecommunications operator in the United States. After that, the Nokia share price fell by almost 10% on the Helsinki stock exchange.
As reported by Ukrinform, on Monday Swedish music streaming giant Spotify announced that 17% of its employees, or approximately 1,500 people, would be laid off due to the company’s desire to cut costs.
Source: Ukrinform
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