Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers.
Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter.
As part of this move, some 820 Nokia employees, most of them based in Finland, will be transferred to HCL and TATA. Also, the company plans to reduce the total size of its Finnish IT operations by up to 300 employees.
The blow to Nokia’s employees comes just a week after the Finnish handset maker made some optimistic remarks regarding its financial performance in the fourth quarter.
Nokia said the job cuts are part of a massive cost savings plan announced in June last year. At the time, Nokia said it would cut 10,000 jobs in its mobile division by the end of this year. These cuts followed earlier plans to eliminate about 14,000 jobs.
Choosen excerpts by Job Market Monitor from
via Nokia cuts more jobs, outsources IT ops to India – MarketWatch.
Related Posts
Nokia Siemens Network / 1,000 jobs at risk
Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it will shut down its German networks services unit, putting 1,000 jobs at risk. “Nokia Siemens Networks is planning to close its German unit Nokia Siemens Networks Services, a network infrastructure services provider in the area of traditional … Continue reading »
Nokia Siemens to cut 400 jobs in Finland
Nokia Siemens Networks says it has started talks with employees to cut 400 jobs in Finland as part of global plans to streamline operations. The wireless network group …http://www.ipolitics.ca/2012/09/12/nokia-siemens-to-cut-400-jobs-in-finland/
China – Nokia Siemens Networks plans more layoffs
Nokia Siemens Networks, the world’s fourth-largest telecom gear maker, is planning to lay off around 300 employees in China. This will be the company’s second layoff in China this year. In March, it cut 350 jobs in the Chinese market. A China-based Nokia Siemens Networks official, speaking on condition of anonymity, said the layoff announcement … Continue reading »
Nokia | 1,000 job cuts in Finland – Reuters
Nokia (NOK1V.HE) finished on Thursday job cut talks with the staff at its plant in Salo, Finland, resulting in planned lay-offs of up to 1,000 people. The jobs at the last large cellphone manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June, the company … Continue reading »
Job Market Monitor 
Well to me the only difference I see is that now ppl would be working in Bangalore rather then Helsinki.
Posted by amitsharma1977 | January 17, 2013, 8:30 am