Nokia—Announced plan to cut up to 14,000 jobs (16% of workforce) by 2026 to save €1.2B
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.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Announced plan to cut up to 14,000 jobs (16% of workforce) by 2026 to save €1.2B
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.