Feb 26 • 13:22 UTC 🇫🇮 Finland Yle Uutiset

Nokia confirms it is starting change negotiations - about 160 jobs at risk

Nokia is initiating change negotiations in Finland that could affect up to 160 jobs as part of a strategy to lower costs.

Nokia has announced that it will begin change negotiations in Finland, potentially impacting up to 156 employees. This decision was confirmed by the company's communications director, Maria Vaismaa, who stated that although specific roles affected were not disclosed, the aim of the negotiations is to streamline costs. Nokia currently employs about 6,600 people in Finland and has been expanding its workforce significantly in recent years, having hired over 1,800 new employees focused on research and development in the past five years.

The company has set ambitious financial goals for 2023, aiming to achieve gross cost savings between 800 million and 1.2 billion euros by the end of the year. This cost-cutting initiative may be seen as a response to the evolving market dynamics in the telecommunications sector, where efficiency and innovation are critical for sustainable growth. Nokia's efforts to remain competitive indicate a strategic shift, perhaps in response to increased competition and technological advancements in the industry.

The previous coverage by Helsingin Sanomat highlighted Nokia's ongoing changes, reflecting broader trends in the tech sector where companies are continually evaluating their operational structures. As Nokia navigates these negotiations, it may face scrutiny from both employees and the public regarding the impact on the local job market and the company's commitment to maintaining a strong workforce in Finland. The implications of these negotiations will likely resonate through the company's future strategies and its position within the global telecommunications landscape.

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