EMCC European Monitoring Centre on Change



Geographic Location

Country: European Union
Location of affected unit(s): France, Germany, Finland, Italy


Sector: Information / communication
61.3 - Satellite telecommunications activities
Number Employed: 114256

Employment Effects

Announcement Date: 06-04-2016
Planned Job Reductions min: 10000
Planned Job Reductions max: 15000
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 11-04-2016
Foreseen End Date: 31-12-2018
Planned Job Creation: 500
Direct Dismissals: 4300

Additional Information

Nokia has announced job losses following last October's acquisition of French telecommunications company Alcatel-Lucent. The job losses, taking place between now and the end of 2018, are part of a wider drive to cut €900 million in operating costs. 1300 jobs will be cut in Finland, 1400 in Germany, 200 in Italy, and 400 in France, although there will be 500 new research and development posts created in France. The job losses will largely come as a result of deduplication of jobs created through the merger, as processes are streamlined. The merger is part of a move by the company to diversify between fixed and mobile telecommunications to compete with companies such as Huawei. The Finnish government has intervened, asking for European Union Globalisation Funds to assist the 1300 job losses the country will undergo.