Nokia has announced it will be cutting approximately 180 jobs in Finland this year, as part of a strategy to save €500 million by the end of 2020.
The company will start negotiations next week and look at all locations in the country although the biggest impact is expected to be felt in Espoo.
The company’s 5G product development and the Oulu plant are not likely to be affected by the latest round of job cuts.
“The savings program we launched in 2018 has progressed as planned. We will continue to improve our operational capability and ensure the long-term competitiveness of the company” says Nokia’s Finland country manager Tommi Uitto.
“These decisions are not easy and we will do our best to support our staff during the change process” he adds.
Nokia currently has around 6000 employees in Finland.
You might also be interested in:
- Nokia announces financial losses and job cuts
- Big fall in number of Nokia phones being shipped
- Nokia-brand’s rebirth continues with arrival of ‘monster’ mobile
- Nokia confirms 280 job cuts in Finland this year