On the heels of its return to the device space last week, Nokia on Friday confirmed plans to cut more than 1,000 jobs across its business units in Finland.
The company, which first revealed its headcount reduction plan in April, said a total of 1,032 of its workers in Finland will be let go. About half of the cuts will come from the company’s headquarters in Espoo, with another quarter each coming from its locations in Oulu and Tampere.
Nokia said most of the reductions take place over the summer with all to be completed by the end of the year.
The news provides another glimpse into Nokia’s restructuring effort, which the company initially announced in April in the wake of the company’s merger with Alcatel-Lucent.
Reports previously indicated a total of 10,000 to 15,000 cuts would be spread across Nokia’s international workforce. The company previously said up to 1,300 jobs would be cut in Finland, but Nokia never gave a global number.
The global headcount reductions are expected to be complete by 2018, the company said.
Nokia said the move is part of its effort to “shift resources to future-oriented technologies such as 5G, the Cloud and the Internet of Things.” The former device manufacturer is also reinventing itself with a focused networking and licensing business model, as evidenced its signing of a 10-year licensing agreement with HMD last week to create Nokia-branded mobile phones and tablets.
Though the cuts will likely be a sore spot for those on the receiving end, Nokia is trying to soothe some of the sting by offering access to its Bridge program alongside severance pay. First introduced in 2012, Nokia’s Bridge program includes consulting to help place former employees in a new job, a small amount of funding for employees to pursue entrepreneurial opportunities and other forms of support.