Light Reading
CEO Elop commits to a Finnish future, but says major job cuts will hit the domestic workforce

Nokia to Cut Jobs, Stay in Finland

Ray Le Maistre
LR Mobile News Analysis
Ray Le Maistre, Editor-in-chief
2/11/2011
50%
50%

Nokia Corp. (NYSE: NOK) CEO Stephen Elop has countered concerns that he's planning to relocate the handset giant as part of the Finnish firm's new strategy, but has warned that the vendor's home country will not be immune from significant jobs cuts that are coming down the line.

During a media question-and-answer session in London Friday morning, Elop said that "first and foremost, Nokia is a Finnish company."

So, no, for those who may have misheard, he did not say that Nokia is a finished company…

"Finland is our home and will remain our home," he continued.

But he added that the company needs to drastically reduce its operating expenses, and that there are "a range of ways" to deal with the current inefficiencies in the company's operating model.

He said one of those ways would be job cuts. Nokia is planning substantial redundancies in its global workforce, and jobs will be cut worldwide, including in Finland. The exact details are still being worked out, so Elop and his new management team have yet to provide any details.

At the end of 2010, Nokia employed 132,427 staff, of which 63,927 were Nokia Networks employees and 5,452 Navteq Corp. (NYSE: NVT) employees. That leaves 63,048 in the core Nokia devices business (including corporate roles).

Given that Nokia is set to work closely with Microsoft Corp. (Nasdaq: MSFT) on device operating system development, marketing, and services, there will be a lot of people among those 63,048 wondering today if they have a future with their current employer.

— Ray Le Maistre, International Managing Editor, Light Reading

(7)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:12:59 PM
re: Nokia to Cut Jobs, Stay in Finland


Rain Maker -- I suspect you're a Yankee, like me... "Redundancies" is the UK/European word for layoffs.

Rain Maker
50%
50%
Rain Maker,
User Rank: Light Beer
12/5/2012 | 5:12:59 PM
re: Nokia to Cut Jobs, Stay in Finland


You used the word redundancies in your post just now and it is misleading. "He said one of those ways would be job cuts. Nokia is planning substantial redundancies in its global workforce, and jobs will be cut worldwide, including in Finland."


I think you intended to use the word "reductions." Redundancies means duplication of roles and is just the opposite of where NOK is.

Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:12:58 PM
re: Nokia to Cut Jobs, Stay in Finland


OK, I'll bite:


Stevery, that link is not redundant ... but this one is.

Stevery
50%
50%
Stevery,
User Rank: Light Beer
12/5/2012 | 5:12:58 PM
re: Nokia to Cut Jobs, Stay in Finland


Maybe this link is redundant, but I find it interesting.


 

digits
50%
50%
digits,
User Rank: Light Beer
12/5/2012 | 5:12:58 PM
re: Nokia to Cut Jobs, Stay in Finland


Thanks for the clarification, Craig.


Yes, I am writing from the UK and wasn't aware that the term 'redundancies' didn't travel.


So, to be clear, there are going to be layoffs worldwide, including in Finland.

Stevery
50%
50%
Stevery,
User Rank: Light Beer
12/5/2012 | 5:12:57 PM
re: Nokia to Cut Jobs, Stay in Finland


@ craig, lol.


@ RFLR: Thanks, and for anyone else having link problems, click here.

RFLR
50%
50%
RFLR,
User Rank: Light Beer
12/5/2012 | 5:12:57 PM
re: Nokia to Cut Jobs, Stay in Finland


Btw - there is a native english version of the piece here:


http://www.hs.fi/english/artic...

Flash Poll
LRTV Custom TV
Driving the Network Transformation

7|23|14   |   4:29   |   (0) comments


Intel's Sandra Rivera discusses network transformation and how Intel technologies, programs, and standards body efforts have helped the industry migration to SDN and NFV.
LRTV Custom TV
Distributed NFV-Based Business Services by RAD

7|18|14   |   5:38   |   (0) comments


With the ETSI-approved Distributed NFV PoC running in the background, RAD's CEO, Dror Bin, talks about why D-NFV makes compelling sense for service providers, and about the dollars and cents RAD is putting behind D-NFV.
LRTV Custom TV
MRV Accelerating Packet Optical Convergence

7|15|14   |   6:06   |   (0) comments


Giving you network insight to make your network smarter.
LRTV Custom TV
NFV-Enabled Ethernet for Generating New Revenues

7|15|14   |   5:49   |   (0) comments


Cyan's Planet Orchestrate allows service providers and their end-customers to activate software-based capabilities such as firewalls and encryption on top of existing Ethernet services in just minutes.
LRTV Custom TV
Symkloud NVF-Ready Video Transcoding, Big Data

7|9|14   |   3:41   |   (0) comments


Kontron and ISV partner Vantrix demonstrate high-performance video transcoding and data analytic solutions on same 2U standard platform that is ready for SDN and NFV deployments made by mobile, cable and cloud operators.
LRTV Huawei Video Resource Center
The Evolving Role of Hybrid Video for Competitive Success

7|4|14   |   4:09   |   (0) comments


At Huawei's Global Analysts Summit in Shenzhen, China, Steven C. Hawley from TV Strategies speaks to us about the evolving role of hybrid video for competitive success.
LRTV Huawei Video Resource Center
How CSPs Leverage Big Data in the Digital Economy

7|4|14   |   4:48   |   (2) comments


Justin van der Lande from Analysys Mason shares with us his views on how telecom operators can leverage customer asset monetization with big data. His discusses the current status of big data applications and the challenges and opportunities for telecom operators in the digital economy era.
LRTV Huawei Video Resource Center
Accelerator for Digital Business Future Oriented BSS

7|4|14   |   3:08   |   (0) comments


Mobile and internet are becoming intertwined; IT and CT are integrating; and leading CSPs have begun to transform to information service and entertainment providers. How should the BSS system evolve to enable this transformation? Karl Whitelock, an analyst at Frost & Sullivan, shares his views.
LRTV Huawei Video Resource Center
Orange Tunisia Discusses Multi-Band Antenna With EasyRET Solution

7|4|14   |   2:45   |   (0) comments


As new site acquisition becomes more difficult, Orange Tunisia has requested multi-band antenna to support UMTS and LTE innovation. Some things considered include reducing the cost of antenna maintenance and having high reliability antenna and EasyRET solution.
LRTV Huawei Video Resource Center
How Telefonica Spain Considers Antenna Selection for LTE Network Deployment

7|4|14   |   2:19   |   (0) comments


Tony Conlan, Global CTO of RAN, Telefonica, shares his opinion on antennas in LTE network deployment: Tower space is the premier requirement on antennas; reliability is important to reduce OPEX; and EasyRET solution will be helpful for antenna maintenance.
LRTV Huawei Video Resource Center
dtac Thailand: Multi-band Antenna & Capacity Solution for a Better MBB Experience

7|3|14   |   3:45   |   (0) comments


With the development of LTE, tower space and load are limited for new antenna, but users' capacity requirements are growing fast. To provide a better MBB experience, Panya Vechbanyongratana from dtac Thailand shared his experiences and antenna requirements.
LRTV Documentaries
BTE Panel: Network of the Future

7|2|14   |   1:00:57   |   (0) comments


Full-length video of the ATIS Panel Discussion: 'How Far Away Is the Network of the Future & What Does It Look Like?' from the Big Telecom Event (BTE) in Chicago.
Upcoming Live Events!!
September 16, 2014, Santa Clara, CA
September 16, 2014, Santa Clara, CA
October 29, 2014, New York City
November 11, 2014, Atlanta, GA
December 9-10, 2014, Reykjavik, Iceland
Infographics
Allot's latest MobileTrends Charging Report shows that value-based pricing plans are up from 35% in 2011 to 85% in 2014.
Today's Cartoon
Vacation Special Caption Competition Click Here
Hot Topics
Microsoft to Axe 12,500 Ex-Nokia Employees
Sarah Reedy, Senior Editor, 7/17/2014
The Municipal Menace?
Jason Meyers, Senior Editor, Utility Communications/IoT, 7/22/2014
GM: 10 Car Models on Road With AT&T's LTE
Dan Jones, Mobile Editor, 7/18/2014
Have IBM & Apple Partnered Their Way to Cloud Leadership?
Mitch Wagner, West Coast Bureau Chief, Light Reading, 7/18/2014
Like Us on Facebook
Twitter Feed