In January of this year, Nokia announced that it plans to sack some of its staff from all its offices and factories in Finland. In addition to its production plant in Oulu in western Finland, the company plans to fire a total of 350 people from all of its businesses in Finland. However, after a series of negotiations, Nokia announced yesterday that, following the necessary consultations, it would lay off 280 people in Finland, a figure that is lower than the number of workers it initially planned to lay off.
The redundancies will be part of a larger company plan announced last October, which aims to save around 700 million euros by the end of 2020. Nokia said it would offer the employees concerned the opportunity to participate in a program support to help them find new jobs or start their own business within the company.
Since the newly established Finnish company HMD Global has taken over the Nokia brand name, its luck has changed forever. Although Nokia has not returned to its former rhythm yet, Nokia’s recent new smartphone announcement, Nokia 9 Pureview, can now compete with big market players while the company has already returned to the smartphone map, which has virtually disappeared the past years. In addition, Nokia has released the upgraded version of Android 9 Pie very quickly on all Android smartphones produced after its takeover by HMD Global. This is a good indication that the company is ready to become even more competitive in the smartphone market.