Nokia to cut workforce globally as part of Alcatel-Lucent synergy drive

Follow Us

Nokia will begin actions to reduce company personnel globally as part of its synergy and transformation program. The reduction exercise is expected to take place between now and the end of 2018, consistent with the company's synergy target timeline.

mobile-india-1




"These actions are designed to ensure that Nokia remains a strong industry leader. When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver EUR 900 million in synergies - and that commitment has not changed,” Nokia President and CEO Rajeev Suri, said.

Suri added, “We also know that our actions will have real human consequences and, given this, we will proceed in a way that that is consistent with our company values and provide transition and other support to the impacted employees. The reductions will come largely in areas where there are overlaps, such as research and development, regional and sales organisations as well as corporate functions. The company said it will continue to target worldwide savings in real estate, services, procurement, supply chain and manufacturing.

Nokia said that it is taking steps to adapt to challenging market conditions and to shift resources to future-oriented technologies such as 5G, the Cloud and the Internet of Things.

Nokia’s representatives are meeting with the company's two European Works Councils to start the reduction process. “Similar meetings and consultations with employee representatives are taking place in almost 30 countries in the coming weeks. Processes and timelines will vary from one country to another,” the official statement added.

Nokia plans to report on the implementation of the synergy and transformation program in connection with its quarterly earnings releases.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

Rohit79 :

Somedays I was facing this issues so I was doing aeroplane mode and back to get through calls. Ngl they…

BSNL’s 4G Towers Nearing Launch in Adilabad, Telangana: Report

TheAndroidFreak :

Third one is iQOO 13. No improvement at all in hardware.

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

TheAndroidFreak :

OP13 50 MP LYT 808 1/1.4” 50 MP JN5 1/2.76” 50 MP LYT 600 1/1.95” 3X Periscope 32 MP Selfie…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Rohit79 :

Happy Durga puja to you and joyous festivities. Also Matter of fact is, they should have started by now dunno…

BSNL Officials Assure MPs that Services Will Improve in 6…

Rohit79 :

Highest likes I've ever seen on any post here. Ig people are angry with their uneveness well I was too…

BSNL Officials Assure MPs that Services Will Improve in 6…

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments