As part of its global cost restructuring plans, Finnish telecom giant Nokia will lay off around 1,500 employees in India. Through this cost restructuring, the telecom bellwether aims to increase investment towards research and development capabilities and reduce site fragmentation.
The restructuring plans will hit Nokia’s global operations as well as its India operations. Consultation processes in this regard are likely to begin soon. “It is too early to comment in detail, but we expect the consultation processes to start shortly, where applicable. Business groups are looking to reduce site fragmentation, but we have no further details at this point,” a Nokia spokesperson told Times of India.
Out of its 20,511 employees in the Asia-Pac…
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