Nokia cuts 300 jobs; farms out IT ops to TCS, HCL Tech
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Nokia on Thursday said it will outsource the IT function to Indian technology firms TCS and HCL Technologies, a move that will see the Finnish handset maker cutting up to 300 jobs.
Nokia plans to transfer certain activities and up to 820 employees to HCL Tech and TCS as part of the process, it said in a statement. The financial details were, however, not disclosed.
"Nokia outlined a range of planned changes today to streamline its IT organisation. Nokia believes these changes will increase operational efficiency and reduce operating costs, creating an IT organisation appropriate for Nokia's current size and scope," the statement said.
Nokia, which has a strong presence in India including a manufacturing facility in Tamil Nadu, said it plans to reduce its "global IT organisation by up to 300 employees... These are the last anticipated reductions as part of Nokia's focused strategy announcement of June 2012".
The company had announced slashing of up to 10,000 jobs globally by the end of 2013 as part of the restructuring process. The majority of the employees affected by the announcement today are based in Finland. "Nokia will offer employees affected by these planned reductions both financial support and a comprehensive Bridge support program," the company said.