Nokia’s Job Cuts Spark Employee Backlash Across Europe
Nokia is facing growing opposition from employees over plans to cut jobs and close sites across Europe. Despite a 21.3% rise in its share price this year, the company is pushing ahead with cost-cutting measures. Workers in Munich, where up to 770 jobs could be lost by 2030, are leading the resistance.
The company’s latest strategy focuses on shifting operations to key global entry points outside Germany. These include the United States for R&D and carrier partnerships, India for manufacturing and development, and the UK for technology services. Finland remains central for headquarters functions, while Asia-Pacific and the Middle East are prioritised for network and cloud services.
The dispute highlights a clash between Nokia’s financial goals and workforce stability. With 770 Munich jobs at risk, the outcome of the protests may influence the company’s long-term site strategy. For now, the firm continues to prioritise its global restructuring plan.
