Nokia Lay-Offs Due to 'Reduced Market Demand'

Written on Monday, February 16, 2009

Nokia has also joined the big list of companies, laying off people, with lay-offs being accredited to the economic crisis. This news article has all the info:

As part of its previously announced plans to increase cost-efficiency and adapt to the market situation, Nokia today announced plans to close its mobile devices R&D site in Jyväskylä, concentrating mobile devices R&D in Finland at its sites in Tampere, Oulu, Salo and the Helsinki metropolitan area. Nokia also plans to scale down Salo production with staggered temporary lay-offs, aligning production with market demand while continuing operations without interruption. Nokia will begin consultations with employee representatives about these plans.

Nokia plans to scale down the production in Salo to reflect the market demand. Nokia will implement temporary lay-offs on a rotational basis, with operations at the factory continuing without downtime. This arrangement is based on the Finnish labour practices and legislation, and is commonly used to adjust production to reflect notable fluctuation in market demand.

“With these plans, we aim to scale down Salo production to reflect reduced market demand, while operations in the factory continue uninterrupted,” says Juha Putkiranta, Senior Vice President, Demand Supply Network Management, Nokia. “This is one of the measures we are taking to adjust our global demand supply network to the current situation.”

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