Lay off at Nokia Siemens in India:
Telecom equipment maker Nokia Siemens Networks is likely to lay off nearly 2,000 employees,or 20% of its direct workforce in India as part of a global restructuring exercise aimed at cutting losses.
Appropriate measures will be taken after considering the individual circumstances and opportunities in each business, said a top Nokia Siemens India executive closely involved in the process.Revenue of the companys Indian unit fell by 5% to Rs 6,177 crore in 2010-11,from Rs 6,500 crore in the previous fiscal,according to industry reports.India,however,remains key to Nokia Siemens as its services division that contributes nearly 50% of its global revenues is headquartered here.
The company has no plans to cut jobs at its 3,000-strong research and development centre in Bangalore or its Chennai manufacturing unit that employs over 1,000 executives.Job cuts are also unlikely at the 300-member R&D centre in Hyderabad,which came under its fold when it acquired Motorolas worldwide wireless network assets for $1.2 billion in 2010.
Another industry executive claimed the company might may merge its circle-wise support systems enabling it to reduce headcount across multiple layers of engineering,operations & maintenance,third-party network upgradation and support verticals,which were created to support the 24 telecom zones in India.
