Finnish multinational telecommunications and network infrastructure company. Formerly a major mobile phone manufacturer, now focuses on network equipment and 5G infrastructure.
Nokia has been recognized by Ethisphere as one of the World's Most Ethical Companies for the eighth time overall in 2025. The company is one of only two telecommunications companies and the only Finnish company to be honored. Recognition is based on strong business ethics, governance, and sustainability practices.
Nokia announced it would slash up to 14,000 jobs from its 86,000 workforce, reducing headcount to 72,000-77,000 by 2026. The cuts aim to save €1.2 billion cumulatively, with €400 million in 2024 alone. CEO Pekka Lundmark said: 'The most difficult business decisions to make are the ones that impact our people.' By October 2024, workforce stood at 78,500.