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.
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