Nokia on Wednesday said it would cut 300 jobs in India by the end of 2012 as part of the Finnish mobile giant's restructuring plan that would affect 7,000 employees globally.
“With the restructuring, up to 300 jobs in the R&D segment will be cut in India by the end of 2012. The layoffs will be minimal,” a Nokia spokesperson said. Nokia's India operations have a total workforce of about 10,000. Out of them, around 1,500 employees are in the R&D operations. Nokia has announced that it would lay off 4,000 people globally, while it plans to enter into a strategic collaboration with Accenture, whereby it would transfer its Symbian software activities as well as about 3,000 employees to the U.S. firm. It would lead to Nokia cutting costs by euro 1 billion. Nokia President and CEO Stephen Elop said the company was offering those who were losing their jobs a range of options such as individual re-employment support and re-training to making investments to promote innovation and working with a variety of partners.
