Nokia plans to streamline its digital TV receiver business due to slow market uptake. The global digital TV market has developed substantially slower than expected, especially in major markets. Furthermore, the market is affected by technology fragmentation and heavy price competition, resulting in an unprofitable business model.
Therefore, Nokia is adjusting its digital TV activities to match the current market situation and future expectations. The company will start co-operation negotiations with the aim of reducing the workforce by approximately 140 employees in the Home Communications unit, which is part of the Multimedia Business Group. Up to 90 of the planned personnel reductions will be in Finland and approximately 50 in other countries. The planned reductions concern all functions in the Home Communications unit. The negotiation process will aim to find, together with employees, alternative solutions and assignments for as many employees as possible within Nokia.
Despite this adjustment, the sales, marketing and customer support of Nokia digital TV receivers will continue as before.
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