Finland trade union organization “Union of professional engineers” President peidi·boluokali (Pertti Porokari) said on Thursday, Nokia will begin next week in Finland for redundancy negotiations.
Boluokali said: “they engage in redundancy negotiations will start next week. Employees and trade unions learned that today, all contracts will be valid until the end. “He feared, Nokia in Finland layoffs of more than 1000 people.
Previously Finland another trade union organization said that Nokia may announced layoffs by the end of the month, up to 6,000 people. It is Nokia’s largest in 20 years of layoffs. Nokia the cuts associated with the company’s Alliance with Microsoft. In February this year, Nokia announced a strategic partnership with Microsoft, and today just announced that it has reached a final agreement.
Senior figures in the industry believe that Nokia’s current round of layoffs is mainly to cut costs. As of the end of last year, Nokia’s research and Development Department employs 16,134, research and development costs of up to EUR 3 billion.
Nokia results released today show that fiscal 2011 first quarter, Nokia’s net profit of 344 million euros (about us $ 503 million), 1.4% falling 349 million euros in the same period a year earlier, sales of EUR 10.4 billion, 9.2% over the same period a year earlier.
Text/Tencent technology
Tags: begin, layoffs, negotiations, Nokia, people, Union
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