Nokia Corp. Layoffs

Topics regarding layoffs at Nokia Corp.

India Lockdown

Between China virus and India lockdown this company is boned. Get out while you can!

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148 out in Finland

https://wallstreetreview.com/2020/03/03/nokia-says-will-cut-up-to-148-jobs-in-finland-this-year/

CEO out

https://www.msn.com/en-us/finance/companies/nokia-ceo-to-step-down-after-struggling-to-make-5g-headway/ar-BB10CamT

Coronavirus 5G Impact

Since Nokia has no 5G development in China, this virus situation will have no impact on Nokia’s timeline or results, right? They were never planning to get caught, were they?

How many people work at Nokia?

Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at Espoo?

Link needed

There was a link going around to report to the US goverment if your job is being moved overseas, does anyone have that available to share.

The Altman Z-Score

https://investorplace.com/2020/01/nokia-has-momentum-early-in-2020-but-is-it-a-buy/ According to Gurufocus.com, Nokia’s current Altman Z-Score is 1.15, which suggests it is in financial distress. By comparison, Nokia’s best Z-score over the past 10... —  read more 

Trade Adjustment Assistance (TAA) Program

https://www.dol.gov/general/topic/training/tradeact The Trade Adjustment Assistance (TAA) Program Look into TAA. Get extra months of unemployment, training, and health care insurance savings. https://fas.org/sgp/crs/misc/R44153.pdf if you are... —  read more 

Any chance this will spill over to us?

Nokia is planning to lay off 180 people in Finland as a cost-saving measure. Now I'm worried that means we'll see something similar here soon as well. Does anybody know if that's likely to happen or am I worried over nothing?... —  read more 

Nokia does have 5G problem

How long they can lie ? https://www.reuters.com/article/us-nokia-software-interview/we-dont-have-a-5g-problem-says-nokias-head-of-software-idUSKBN1XU2BB

Nokia Layoffs 2020

Anyone would care to chime in with a prediction about potential Nokia Layoffs 2020? Any news or rumors?

Newark

I started in Network Systems Shortly after divestiture in Newark NJ. years later, and after a spin off, a merger, then an acquisition, what is left is that stuff that floats to the top as our management. For you old timers, just Sit back, and wait... —  read more 

Severance

Here is a 2017 severance package: https://www.benefitanswersplus.com/active_m/spd/severance_plan_01012017.pdf

What's the latest on layoffs at Nokia?

It's been really quiet lately, too quiet for my taste. I prefer knowing something is coming and preparing for any possibility than being caught completely off guard (which has happened several times before.) So if anybody has any info on layoffs... —  read more 

Tough Times Ahead

Huawei might be copping the biggest punches when it comes to security sceptics, but no-one is benefitting in this current state of purgatory.

Joining Nuage?

Would you recommend joining Nuage? Currently working for a struggling company in the same tech space, are things better in Nuage? GL reviews seem good aside of lower than average pay and benefits. —  read more 

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