Nokia to cut off 4,000 jobs worldwide, partners with Accenture to transfer work load to Symbia

By on Apr 27, 2011 in Business, Europe Comments

Espoo, FinlandNokia announced its plan to cut off 4,000 jobs worldwide by the end of 2012, and will partner with Accenture to transfer software work load to Symbia.



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Image Credit: Nokia.com

According to a press release published on Nokia’s official website on Wednesday, April 27, 2011, Nokia said the plan to cut off 4,000 jobs globally is a part of the company’s strategy to reduce its Devices & Services non-IFRS operating expenses.

Apparently, Nokia said that if the strategy will pursue, they expect a 1 billion euros ($1.4 billion) savings for the whole 2013 as compared to 2010.

In addition, Nokia also announced that a strategic collaboration with Accenture is being planned that would eventually lead to the transfer to Symbia the activities for the software, including around 3,000 employees to Accenture.

Meanwhile, majority of the 4,000 job loss will be from Denmark, Finland and the UK, wherein affected employees can stay on the company’s payroll until the year of this year.

Representatives from both parties are now starting to have talks, particularly on the country legal requirements.

“At Nokia, we have new clarity around our path forward, which is focused on our leadership across smart devices, mobile phones and future disruptions,” Nokia President and CEO Stephen Elop said on the report.

“However, with this new focus, we also will face reductions in our workforce. This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programs for the talented people of Nokia.” Mr. Elop added.



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