Nokia may lay off nearly 1,500 in India

22 March, 2021 12:00 AM printer

BENGALURU: Nokia is laying off nearly 1,500 employees in India after it announced a plan to reset its costs, sources told TOI. Nokia is repositioning itself to deliver profitable growth and technology leadership including catching up in 5G. The Finnish telecom major is reducing 10,000 employees globally over the next 18-24 months as part of the restructuring plans. On a group level, this is expected to lower its costs by approximately 600 million euros by 2023-end report agencies.