savings measures
Nokia is cutting jobs – its Munich location is scheduled to close by 2030
Finnish group Nokia previously took over the telephone network division from Siemens. The remains of the once globally important business are expected to continue to shrink.
Finnish networking supplier Nokia wants to cut 300 jobs in Germany next year. The Munich location is also scheduled to close in 2030, as confirmed by the company upon request. The plans were announced by the IG Metall union, which did not want to accept the cuts. The planned closure of the Munich site by 2030 will impact more than 500 additional jobs.
IG Metall: “fatal signal”
“Especially in times of geopolitical challenges, it is a fatal signal when a large company reduces its presence in Germany,” said Daniele Frijia, managing director of IG Metall Munich and member of Nokia Germany’s supervisory board. According to IG Metall, the group currently has 2,500 employees in Germany.
Nokia: Cuts for long-term competitiveness
As part of its global location strategy, Nokia will focus its investments on important sustainability centers in Germany and around the world, a company spokesperson said. Nuremberg, Ulm, Stuttgart, Bonn and Düsseldorf should remain important locations. By the end of next year, around 300 jobs in Germany will be eliminated as part of a global cost-savings program announced by 2023.
Nokia is providing support to all affected employees during this transition period, the spokesperson said. “Nokia also plans to gradually close its Munich office by the end of 2030.” The company justified the “difficult decision” by ensuring long-term competitiveness.
The Finnish company wanted to save a large amount of money
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Nokia announced in 2023 that it plans to cut 14,000 jobs worldwide over the next few years. Expected savings amount to between 800 million and 1.2 billion euros. The Munich location, which will close, was one of the world’s leading telephone and network technology centers 25 years ago. Originally part of Siemens, the Munich-based company spun off its networking division, which at the time still had several thousand employees, in 2007 into a joint venture with Nokia. Several years later, Siemens finally left. There are no longer any major network technology manufacturers in Germany.
dpa
