Nokia to cut more than 300 jobs in Finland
The mobile telephone manufacturer Nokia said on Thursday that it will reduce up to 700 jobs in different parts of the company - including research and development, sales, marketing, and data management.
Under the plans announced on Thursday, the cuts will lead to the loss of 340 jobs in Finland. The exact number will come out when discussions are held with personnel.
The cutbacks will be greatest in the company’s Enterprise Solutions business group, which designs telephones suitable for work. Enterprise Solutions will lose 360 jobs, about 110 of which are in Finland.
The company now plans to focus on fewer products and markets. The cuts will have its greatest effect on the section’s operations in the United States.
Cutbacks on the corporate side are also linked with a reduction in marketing personnel by 30 employees.
The Technology Platforms group is to reduce its product development staff by 140, 100 of whom are in Finland.
Nokia’s data management will also lose 130 jobs, 90 of which are in Finland. There will be no further outsourcing of data technology, because a significant portion of that has already been shifted to others to deal with.
Nokia is offering monetary incentives to those who leave voluntarily. The exact amount depends on how long a person has worked at Nokia.
Efforts will be made to provide new jobs within Nokia for those whose jobs are to be lost.
Last year Nokia needed to cut 380 jobs. At that time, 260 of those affected found new work in Nokia, 110 left with a golden handshake, and the remaining ten were terminated.