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Nokia to axe up to 14,000 jobs to cut costs

bbc.co.uk

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Re: Nokia to axe up to 14,000 jobs to cut costs

#11

Post by expertentipp »

ogjojo wrote: post #7
ecmascript wrote: post #2

Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.

That and also refocus efforts on revenue producing products/departementets. I just hope Nokia has learned from their mistakes and don’t cut too much from their R&D.

> just hope Nokia has learned from their mistakes and don’t cut too much from their R&D.

If the executive board will receive bonuses from doing exactly the opposite, they will decide doing the opposite.

Re: Nokia to axe up to 14,000 jobs to cut costs

#12

Post by alibarber »

contrarian1234 wrote: post #4

Is this the normal course of things? "We are now beginning the process of consultation on initial reductions." I'm not in the know.. but it comes off as if they have no idea what they're doing. You'd think you'd decide who you are gunna lay off before announcing it..? And they will be laying people off for two years straight? Seems like it'd just tank the moral of the whole place. I thought companies generally rip th…

In Finland there is a mandated period of 'consultation' - usually at least 2 weeks long, between company and employees (or their representatives) when such things happen. I don't know if the actual term in Finnish is supposed to sound as euphemistic as the English one - but at this point it's pretty much decided.

Re: Nokia to axe up to 14,000 jobs to cut costs

#13

Post by ogjojo »

contrarian1234 wrote: post #4

Is this the normal course of things? "We are now beginning the process of consultation on initial reductions." I'm not in the know.. but it comes off as if they have no idea what they're doing. You'd think you'd decide who you are gunna lay off before announcing it..? And they will be laying people off for two years straight? Seems like it'd just tank the moral of the whole place. I thought companies generally rip th…

Don’t quote me on this but it might have something to do with Finnish law. Don’t know how that applies internationally if at all.

Re: Nokia to axe up to 14,000 jobs to cut costs

#14

Post by swarnie »

trollied wrote: post #3

Completely forgot that they now own Bell Labs. I wonder what Nokia have as a core revenue stream these days? They really dropped the ball when the iPhone & Android came to market (and to a lesser extent, the Blackberry). Guess they're still making a killing on telco hardware/software/infrastructure.

From looking in to the company a lot last year i think its mostly 5g and national infrastructure.

Huawei getting black bagged by the US helped a bit.

Re: Nokia to axe up to 14,000 jobs to cut costs

#16

Post by RecycledEle »

A year before the first iPhone was released, I told Nokia they needed to take their N700 Internet Tablet, add voice calling and text messaging, and offer it in many screen sizes like 3", 4", 5", 6", and 7".

If they had followed my advice instead of laughing at me they would still be the largest cell phone maker on planet Earth.

Re: Nokia to axe up to 14,000 jobs to cut costs

#18

Post by trustingtrust »

manxman wrote: post #8

Nokia’s been a zombie corporation for a long time. This isn’t news… this was a scheduled calendar event from at least as far back as 2007.

A lot of 5G deployments shifted to Nokia after Huawei ban and Nokia also dominates a lot of GPON FTTH deployments for end to end solutions.

Re: Nokia to axe up to 14,000 jobs to cut costs

#19

Post by zerr »

expertentipp wrote: post #6

Probably means that folks in Finnish, German, and US offices are out, and in Romanian and Polish offices will receive no rises of their already meager salaries.

Right. It doesn't make sense to lay off a dev in Romania, who's salary is less than a janitor's one in the US office.

Re: Nokia to axe up to 14,000 jobs to cut costs

#20

Post by tgaj »

thriftwy wrote: post #10
ecmascript wrote: post #2

Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.

I had no idea what they are up to these days. I own a button dumb phone by Nokia, it's fine but would not explain even 1% of that employment number. PA says they're making telecom equipment now. Fun thing it also mentions Ericsson, which used to make phones under its brand, then Sony-Ericsson smartphones (not unlike Microsoft-Nokia) and then had to drop it completely.

This button dumb phone is not even produced by Nokia - it only has Nokia logo. Nokia is one of major players on both 5G and PON markets - and that would be more than enough if not the recession.
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