Sign up for our newsletter ⟩
News |

Nokia cuts 200 jobs in Finland, mostly in Espoo

Staff will be pink-slipped at Nokia sites throughout the country, but the lion's share of job losses – about three-quarters of them – will be in Espoo, just west of Helsinki.

 Nokian pääkonttori Espoossa.
Nokia's Espoo HQ Image: Vesa Moilanen / Lehtikuva

Networks giant Nokia plans to cut its workforce in Finland by around 200, the firm said on Thursday.

Staff will be pink-slipped at Nokia sites throughout the country, but the lion's share of job losses – about three-quarters of them – will be in the city of Espoo, just west of Helsinki.

The rest will mostly be split between Tampere in south-central Finland and Oulu in the north. However employees will not be let go at Nokia's Oulu factory, with cuts only in office personnel.

Tommi Uitto, Country Senior Officer of Nokia Finland, said in a statement that the company must "lighten its cost structure and increase efficiency" in order to succeed.

"Nokia will continue to invest in Finland"

The company has previously said it aims to cut annual global costs to the tune of 1.2 billion euros by the end of next year.

"Nokia's roots are in Finland, as is our headquarters and three of our important R&D centres, and we will continue to invest in Finland. Our planned measures are difficult but necessary," Uitto added.

Nokia will begin redundancy negotiations next Thursday, May 11, and plans to carry out most of the reductions by the end of this year. The firm now has some 6,100 workers in Finland.

Late Wednesday Reuters reported that Nokia wants to sell off its undersea cables unit, which is valued at some 800 million euros. One of the world's biggest suppliers of undersea cable networks, it was acquired by Nokia last year as part of its takeover of France's Alcatel-Lucent.

Latest in: News

Headlines

Our picks

Latest

Muualla Yle.fi:ssä