Nokia to cut over 1000 IT jobs
Nokia Lumia smartphones are pictured in a shop in Warsaw
Finnish mobile phone maker Nokia said it will cut over 1000 IT jobs, including 820 employees who will transfer to HCL Technologies and Tata Consultancy Services, as part of an already-announced restructuring.
It said 300 jobs will be cut altogether, and that most of the reductions would be in Finland.
The cuts are part of Nokia's plans to cut 10,000 jobs, including 3,700 in Finland.
The changes will "increase operational efficiency and reduce operating costs, creating an IT organisation appropriate for Nokia's current size and shape," the phonemaker said.
The latest cuts, mostly in Finland, are part of plans announced last June to cut 10,000 jobs gobally.
The company has cut around a third of its workforce under Chief Executive Stephen Elop.
Once the world's biggest mobile phone maker, Nokia has fallen behind Apple's iPhone and Samsung's Galaxy phones in the lucrative smartphone market.
Nokia shares were flat, while HCL shares rose 4.8 per cent and Tata Consultancy shares rose 1.2 per cent in Mumbai.
"The benefits of footing the bill to put a British astronaut in space amount to more than just a restorative for national pride"
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