<p>Finnish mobile phone maker Nokia said it would cut over 1,000 information technology jobs as part of its restructuring plan aimed at stanching its cash bleed.<br /><br /></p>.<p>It said 820 employees will transfer to HCL Technologies and Tata Consultancy Services while 300 jobs will be eliminated altogether.<br /><br />The latest cuts, mostly in Finland, are part of plans announced last June to cut 10,000 jobs globally. The company has cut around a third of its workforce under Chief Executive Stephen Elop.<br /><br />Nokia shares were flat, while HCL shares rose 4.8 percent and Tata Consultancy shares rose 1.2 percent in Mumbai. <br /><br />HCL Technologies Ltd said in a BSE filing that it has entered into a long-term, global IT infrastructure management outsourcing services agreement with Nokia. The scope of this engagement includes datacentre, network management, end user computing services and cross-functional service management across Nokia's global IT infrastructure operations. <br /><br />Meanwhile, Tata Consultancy Services (TCS) has entered into a long-term agreement with Nokia to help transform its IT landscape, the company said in a statement on Thursday.<br /><br />TCS will work with Nokia in realizing its future IT roadmap, driving consolidation, rationalization and simplification of applications and also enabling business transformation across the core portfolios. <br /><br />TCS’ Nordic operations comprise over 4,500 professionals working across Sweden, Finland, Norway, Denmark and Iceland, servicing leading Nordic companies such as Nokia, Ericsson, TDC, ABB, Telenor, NETS and SAS. <br /></p>
<p>Finnish mobile phone maker Nokia said it would cut over 1,000 information technology jobs as part of its restructuring plan aimed at stanching its cash bleed.<br /><br /></p>.<p>It said 820 employees will transfer to HCL Technologies and Tata Consultancy Services while 300 jobs will be eliminated altogether.<br /><br />The latest cuts, mostly in Finland, are part of plans announced last June to cut 10,000 jobs globally. The company has cut around a third of its workforce under Chief Executive Stephen Elop.<br /><br />Nokia shares were flat, while HCL shares rose 4.8 percent and Tata Consultancy shares rose 1.2 percent in Mumbai. <br /><br />HCL Technologies Ltd said in a BSE filing that it has entered into a long-term, global IT infrastructure management outsourcing services agreement with Nokia. The scope of this engagement includes datacentre, network management, end user computing services and cross-functional service management across Nokia's global IT infrastructure operations. <br /><br />Meanwhile, Tata Consultancy Services (TCS) has entered into a long-term agreement with Nokia to help transform its IT landscape, the company said in a statement on Thursday.<br /><br />TCS will work with Nokia in realizing its future IT roadmap, driving consolidation, rationalization and simplification of applications and also enabling business transformation across the core portfolios. <br /><br />TCS’ Nordic operations comprise over 4,500 professionals working across Sweden, Finland, Norway, Denmark and Iceland, servicing leading Nordic companies such as Nokia, Ericsson, TDC, ABB, Telenor, NETS and SAS. <br /></p>