Nokia restructuring to see up to 300 jobs cuts in India
Thursday, 28 April 2011, 00:43 IST
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Nokia restructuring to see up to 300 jobs cuts in India
New delhi: World's largest cell phone maker Nokia said up to 300 jobs would be cut in India by end of 2012, as the company embarks on restructuring that would affect 7,000 employees worldwide. As part of the latest revamp, the Finnish entity would be laying off 4,000 people globally, while 3,000 jobs would be moved to U.S major Accenture that would take care of Nokia's Symbian software activities. "With the restructuring, up to 300 jobs in the R&D segment will be cut in India by the end of 2012. The layoffs will be minimal," a Nokia spokesperson said. Without disclosing finer details, the official said that most of the people working on Symbian would be transferred to Accenture. Sources said about 800-900 jobs are likely to affected in India in the R&D (Research and Development) segment. Nokia's India operations has a total workforce of about 10,000. Out of them, around 1,500 employees are in the R&D section. The Finnish major in a statement today announced plans to align its global workforce and consolidate site operations, which would result in cost reductions 1 billion euro. Nokia plans to enter into a strategic collaboration with Accenture, whereby it would transfer its Symbian software activities as well as about 3,000 employees to that firm. "Transitioning employees, located in China, Finland, India, United Kingdom and the United States, will initially work on Symbian software activities for Nokia," it said. Over time, Accenture and Nokia would seek opportunities to retrain and redeploy transitioned employees. "In addition, Nokia also plans to reduce its global workforce by about 4,000 employees by the end of 2012, with the majority of reductions in Denmark, Finland and the UK," the statement said. All the employees affected by the reduction plans would remain on Nokia payroll till 2011-end. Workforce reduction are expected to happen in phases till the end of 2012, linked to roll-out of Nokia's planned product and services portfolio.
Source: PTI
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