Nokia, a well-known player in the feature phone and smartphone industry, is undergoing significant transformations in its operations within India. This transformation may affect 250 positions, as reported by many media sources.
The restructuring aims to achieve cost savings and ensure sustained profitability. Furthermore, the majority of the job cuts are expected to affect sales and operations roles, impacting individuals involved in selling Nokia products and ensuring smooth operational processes.
The company is restructuring its operations in India, redefining its processes and personnel responsibilities. The reason for these changes is primarily the challenges Nokia is currently facing in the Indian market.
Reportedly, the demand for its technology, particularly in the realm of 5G, has diminished, with major Indian corporations reducing their expenditure on Nokia products. This shift in market dynamics is impeding Nokia’s success in India.
Hence, to streamline its organisational structure, the company is considering eliminating key roles, including those responsible for financial, technological and legal aspects. Additionally, the company is classifying its operations into three primary groups: mobile networks, cloud and network services, and network infrastructure. Each group will concentrate on specific facets of Nokia’s business in the Indian market.
Recently, Nokia appointed Tarun Chhabra as the new leader for its operations in India. Set to commence his role on 1 April, Chhabra will oversee Nokia’s mobile networks in India.
Nokia’s sales in India have experienced a significant decline, plummeting by 33 per cent in the latter part of 2023. This downturn is attributed to reduced technology purchases by Indian companies.
