Nokia Cuts 1,120 Jobs

Nokia previously announced that it will axe 10,000 jobs before the end of 2013. Today, the Finnish multinational communications corporation is beginning to cut a chunk of its workforce. Via press release, Nokia says that it will transfer around 820 of its employees to Indian-based HCL Technologies and TATA Consultancy Services. Additionally, the company will lay off 300 employees in its IT organization. Nokia will be offering affected employees the necessary financial support and a comprehensive support program.

The majority of the employees affected are based in Finland. The move is a part of a big plan to streamline its IT organization. The changes, according to Nokia, will increase operational efficiency and reduce operating costs. Nokia believes that this strategic move is necessary in order to create an IT organization appropriate for its current size and scope. We are not sure if Nokia will be sending its former employees to India, but it said that it has already initiated the process of engaging with employee representatives on these plans in accordance with country-specific legal requirements.

Gene Ryan Briones
Categories: General
Tags: business, Nokia