Nokia slashes Swiss jobs in sweeping global restructuring plan
Nokia has announced plans to cut jobs in Switzerland as part of a global restructuring effort. The move will affect over 10 percent of its local workforce, with employees notified on Tuesday afternoon. The company is reshaping its operations to reduce costs and shift investments to lower-wage countries.
The job reductions form part of Nokia's worldwide 'right-sizing plan', which aims to optimise spending and adjust its business model. Globally, the company intends to cut up to 14,000 positions—around 17 percent of its total workforce. The largest reductions are expected in Finland (1,300 jobs), Germany, France, and the US.
In Switzerland, Nokia currently employs about 140 people. While staff were informed of the cuts on Tuesday, specific details—such as exact numbers and timelines—have yet to be finalised.
Angestellte Schweiz, the union representing Nokia workers in the country, has called for fair solutions to ease the impact. It is pushing for alternatives to layoffs, including early retirement incentives and other measures to support affected employees.
The redundancies reflect Nokia's broader strategy to streamline operations and relocate roles to cheaper markets. Discussions with unions and employees will continue as the company finalises its plans. The outcome will determine how many Swiss workers leave and what support they receive.
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