Manufacturer says these will be the last anticipated reductions as part of its plan to cut 10,000 jobs and save €1.6 billion by the end of this year
Nokia is to cut 300 jobs in its global IT organisation in a move to increase operational efficiency and reduce operating costs. The firm said these are the last anticipated reductions as part of its focused strategy announcement made last June.
The manufacturer had said it was to cut 10,000 jobs and save €1.6 billion by the end of this year as part of plans to streamline the business and return it to profitability.
The employees affected by these latest changes, the majority of which are based in Finland, will be offered financial support by Nokia. The manufacturer is engaging with employee representatives in accordance with country-specific legal requirements.
Nokia said it will also transfer certain activities and up to 820 employees to two strategic partners – HCL Technologies and TATA Consultancy Services.