Finnish B2B tech firm Nokia has started redundancy talks with worker representatives in Finland, which could result in a maximum of 208 job cuts, the company announced on Wednesday.
Nokia said the staffing reduction is part of a broader savings programme the firm announced in 2021, with initial plans to cut up to 10,000 jobs worldwide over the course of two years.
However, on Wednesday Nokia said the favourable market situation since then has resulted in smaller than anticipated needs to cut jobs.
Decisions about job cuts will be announced after the negotiations are completed, the company said.
Nokia currently employs around 7,000 people in Espoo, Oulu and Tampere.
The negotiations affect workers in all of Nokia's locations in Finland, with the exception of its facility in the northwestern city of Oulu.
The company noted that it hired around 1,200 product development specialists in Finland during 2021-2022.
Nokia said it will continue to monitor the general market situation and evaluate possible further measures as necessary.
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