Nokia Ireland reports 27% profits decline and job cuts

The telecom giant reduced its workforce here by 9 per cent in 2019

13th April, 2021
Nokia Ireland reports 27% profits decline and job cuts
Nokia Ireland reported that it had reduced its employee headcount from 150 to 137 between 2018 and 2019, with most of the staff cuts happening in its research and development department. Picture: Getty

The Irish arm of Nokia, the Finnish telecom giant, reported a 27 per cent slump in profits after tax, according to newly filed accounts.

Nokia Ireland Limited posted pre-tax losses of €317,116 in its accounts for the year ending December 31, 2019, versus losses of €223,709 reported in 2018.

Profits after tax for 2019 were reported as €1,129,125 after a tax credit of €1,446,241 was factored in, versus the €1,545,748 profits after tax reported in 2018.

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Turnover down 38% at Airbnb’s Irish unit as Covid hits revenue