& cplSiteName &

Nokia to Cut Jobs, Stay in Finland

Ray Le Maistre
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        ADD A COMMENT
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...

From The Founder
Kicking off BCE 2017, Light Reading founder Steve Saunders lays blame for NFV's slow ramp-up and urges telecom to return to old-fashioned standards building and interoperability.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
Masergy: It's Time for SD-WAN Options

6|28|17   |   03:09   |   (0) comments


Paul Ruelas, director of network products for Masergy, explains how adding SD-WAN has changed the service mix for his company's customers. In some cases, the change is incremental, enabling more granular customer control. Masergy's newest version, SD-WAN Go, gives up some of those controls for a streamlined version targeting mid-sized customers with the most ...
Women in Comms Introduction Videos
Intel Ushers in the Revolutionary 5G Era

6|28|17   |   5:00   |   (1) comment


5G will bring job opportunities for women in telco and IT, as well as a whole new era of communications for consumers and industries of all kinds, says Caroline Chan, vice president and general manager of the 5G Infrastructure Division at Intel.
LRTV Custom TV
VeEX at ANGA COM

6|27|17   |     |   (0) comments


At ANGA COM 2017, Cyrille Morelle, president and CEO of VeEX, updates Alan Breznick with VeEX's new products and technology. This includes VeSion cloud-based platform for network monitoring, AT2500-3G advanced spectrum analyzer and MTTplus-900 WiFi Air Expert module. He also comments on DOCSIS 3.1 deployment and Remote PHY technology.
LRTV Custom TV
The Overall Objective Is to Win the Game

6|26|17   |     |   (0) comments


SCTE•ISBE's Chris Bastian discusses Energy 2020's success to date and the importance of a flexible approach that allows for changes in specific strategies in order to reach significant milestones.
LRTV Interviews
CenturyLink: Let's Get Past SD-WAN Hype

6|23|17   |   04:02   |   (0) comments


Technology becomes a "shiny object" unless it's properly focused on solving business needs for enterprise customers, says Bill Grubbs, network solutions architect for CenturyLink. He explains to Light Reading why SD-WAN deployments have to be tailored to specific needs – and more.
Women in Comms Introduction Videos
Infinera's Sales Director Paints Tech's Big Picture

6|21|17   |   4:14   |   (1) comment


Shannon Williams, Infinera's director of sales, shares how she achieves work's many balancing acts -- between her role and the broader company, today and tomorrow's tech and more.
LRTV Custom TV
SD-WAN Innovation & Trends

6|20|17   |     |   (0) comments


Versa CEO Kelly Ahuja discusses with Carol Wilson the current status and trends in the SD-WAN market, Versa's innovation around building a software platform with broad contextualization, and the advantages that startups can bring to the SD-WAN market.
LRTV Interviews
Ovum's Dario Talmesio on 5G in Europe

6|20|17   |   02:16   |   (0) comments


At 5G World 2017, Dario Talmesio, principal analyst and practice leader on Ovum's fixed and mobile telecoms European team, explains the emerging trends amongst European operators as they prepare for 5G.
LRTV Custom TV
Putting Power on a Pedestal

6|19|17   |     |   (0) comments


ARRIS's John Ulm says a major accomplishment of SCTE•ISBE's Energy 2020 program is increased focus on power cost and consumption, including inclusion of energy requirements in operators' RFPs and RFIs.
LRTV Custom TV
Gigabit Access: The Last-Mile Pipe for All Future Services

6|19|17   |     |   (0) comments


A Gigabit access platform being deployed today must be able to deliver all types of services to an increasing number of devices. A non-blocking architecture is necessary to support the ever-increasing growth in bandwidth demand. The Huawei Gigabit access solution is based on a distributed design that is fully scalable to deliver a unprecedented performance.
LRTV Custom TV
Key Factors to Successfully Deploy an SD-WAN Service

6|19|17   |     |   (0) comments


As service providers transition their SD-WAN solution from trials and limited deployments into production at large scale, there are important considerations to successfully operationalize these solutions and realize their full potential, without adding complexity, introducing uncertainty or disrupting current business operations. Sunil Khandekar, CEO and Founder ...
LRTV Custom TV
IoT Solutions: Rational Exuberance

6|19|17   |     |   (0) comments


IoT solutions are morphing from hype into viable business opportunities. Huawei has the platform and ecosystem support to help carriers successfully address new business opportunities in the IoT space.
Upcoming Live Events
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Montcalm Marble Arch
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
No Imagination: UK Chip Biz Goes Up for Sale
Iain Morris, News Editor, 6/22/2017
Does AT&T Deserve Time Warner?
Mari Silbey, Senior Editor, Cable/Video, 6/23/2017
Netflix's Lesson in Culture Expectation Settings
Sarah Thomas, Director, Women in Comms, 6/21/2017
Verizon Takes 'One Fiber' to More Cities
Mari Silbey, Senior Editor, Cable/Video, 6/22/2017
AT&T Expects 5G in Late 2018 or Early '19
Dan Jones, Mobile Editor, 6/22/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.