Nokia to cut over 1,000 IT jobs

Nokia to cut over 1,000  IT jobs

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.

It said 820 employees will transfer to HCL Technologies and Tata Consultancy Services while 300 jobs will be eliminated altogether.

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.

Nokia shares were flat, while HCL shares rose 4.8 percent and Tata Consultancy shares rose 1.2 percent in Mumbai.

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.

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.

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.

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.

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