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Nokia confirms 353 job cuts in Finland

Finnish telecom networks firm Nokia is to cut 353 jobs in Finland after completing mandatory consultations with labour unions.

Nokia logo
Image: Aku Häyrinen / Lehtikuva

Finnish technology firm Nokia will trim its workforce by 353 following the conclusion of consultations with trade union representatives. The firm's networks division will be trimmed by 283 jobs while the Nokia Technologies unit will cut 70 positions.

All those let go by Nokia will be eligible for the company's Bridge support programme, which is aimed at helping employees transition to a life away from the firm.

The company's original intention was to cut some 425 jobs. Nokia had earlier said that the cuts were down to shrinking markets, and they are implemented as part of a programme announced in 2016 to cut the company's costs by some 1.2 billion euros.

Nokia's turnover in 2017 was 23 billion euros and it employed some 100,000 people, with around 6,300 of those based in Finland. Some 3,200 of those are in Espoo and Helsinki, some 750 in Tampere and around 2,350 are based in Oulu.

At its peak, Nokia's Finnish workforce numbered some 25,000 at the turn of the millennium.

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