Nokia to Reduce Its Employment Level

Nokia to Reduce Its Employment Level

Nokia, the Finnish mobile handset maker, has announced a cut in several thousands of its jobs across the globe, as per a recent report. However, Indians would be on a safer side, the company has told.

“While we anticipate impact at other sites, we don't see significant impact on India operations. Having said that, we have no specifics to provide at this stage”, said a spokesperson for the firm.

It is being said by Nokia’s president and CEO Stephen Elop that the reduction in employments is a necessary move so as to strengthen its long-term success. Also, the company would be able to redevelop itself, as per his belief.

Nokia had appointed a total of 1,22,148 people on March 31, 2012, and from the same, around 68,595 were recruited by Nokia Siemens Networks, which is a joint venture between Nokia and Siemens.

It has been found that Nokia is to cut some 10,000 jobs throughout the world by the end of the year 2013. Also, it has decided to close all the facilities being provided by it in Burnaby in Canada as well as in Ulm in Germany.

Further, another plan of the company is to make changes in the senior management as three officials, including Jerri DeVard, Chief Marketing Officer, are to resign.


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