Finland to seek EU aid to cope with Microsoft, Nokia layoffs


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

HELSINKI (AP) — Finland says it will apply for EU help to deal with recent redundancies, particularly among workers at Microsoft and Nokia.

Justice and Employment Minister Jari Lindstrom says the Nordic country has previously had a "good experience" of EU support — financial and otherwise — for large numbers of laid off personnel in the technology sector, which has been hurt by competition from Apple, Samsung and others.

Last week, Microsoft announced 1,350 job cuts, while Nokia earlier said it's shedding 1,050.

Nokia sold its troubled devices unit to Microsoft in a $7.5 billion deal in 2014, causing thousands of layoffs, but Microsoft also was unable to turn round the business as consumers didn't warm to the Windows version of Lumia phones originally launched by the Finnish firm.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast