Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Latest NewsFinlandJob creation and lossesGlobal HRRedundancy

Nokia to slash global workforce by up to 10,000

by Ashleigh Webber 16 Mar 2021
by Ashleigh Webber 16 Mar 2021 RistoH / Shutterstock.com
RistoH / Shutterstock.com

Nokia plans to cut up to 10,000 jobs worldwide, including almost 100 in the UK, in order to generate funds that can be used for research and development.

The Finnish telecoms equipment giant wants to reduce its global workforce from 90,000 to between 80,000 and 85,000 over an 18 to 24-month period. Some 96 jobs are expected to be lost in the UK, as well as around 300 in Finland.

Redundancy in a pandemic

Covid-19 and recession: Is redundancy the only option?

Can remote redundancy conversations be sensitive and fair?

Almost 800,000 job cuts planned last year

How to consult collectively with a remote workforce during the coronavirus pandemic

“Decisions that may have a potential impact on our employees are never taken lightly. Ensuring we have the right setup and capabilities is a necessary step to deliver sustainable long-term performance. My priority is to ensure that everyone impacted is supported through this process,” said Nokia president and CEO Pekka Lundmark.

Lundmark said it would be investing in getting the “right skills and capabilities” in place to aim for “technology leadership”.

The company said the changes were subject to local consultation requirements with employee representatives and its social partners. The exact number of job losses in the countries it operates will depend on “market developments”.

Nokia wants to reduce its costs by €600 million by the end of 2023. These savings will be used to offset increased investment in research and development, future capabilities such as 5G and cloud infrastructure, and salary inflation.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Since 2019 the firm has shed around 11,000 jobs, with the steepest decline seen in China.

HR roles in telecommunications on Personnel Today


Browse more HR roles in telecommunications

Ashleigh Webber

Ashleigh is a former editor of OHW+ and former HR and wellbeing editor at Personnel Today. Ashleigh's areas of interest include employee health and wellbeing, equality and inclusion and skills development. She has hosted many webinars for Personnel Today, on topics including employee retention, financial wellbeing and menopause support.

previous post
Thorntons to close all stores as Greggs reveals expansion plan
next post
Female police officer subject to diet comments wins tribunal claim

You may also like

Tribunal finds need for degree in redundancy selection...

14 May 2025

Construction workers win compensation claim against defunct employer

9 May 2025

British Steel puts brakes on redundancy process

23 Apr 2025

British Steel: MPs recalled to enable nationalisation

11 Apr 2025

Met Police cuts 1,700 officers and staff in...

3 Apr 2025

Top 10 HR questions March 2025: Carrying over...

2 Apr 2025

Sky to close call centres cutting 2,000 jobs

28 Mar 2025

Reasons behind Dundee University job losses to be...

28 Mar 2025

British Steel to shed 2,700 jobs at Scunthorpe...

27 Mar 2025

April 2025: What’s coming up for HR?

21 Mar 2025

  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • The Majority of Employees Have Their Eyes on Their Next Move PROMOTED | A staggering 65%...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Self-Leadership: The Key to Successful Organisations PROMOTED | Eletive is helping businesses...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+