Monday January 20, 2020
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Nokia Plans to Cut Jobs, Says Slow 5G Progress Not Cause For Layoffs

Headquartered in Espoo, Finland, Nokia currently employs 100,000 people worldwide, 6,000 of them in Finland

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Nokia
Nokia also to cut jobs, says slow 5G progress not cause for layoffs.

Finnish telecommunication giant Nokia on Tuesday announced its plans to cut jobs, media reported.

Nokia gave 350 as a layoff target in Finland, and said the figures in France and Germany would be higher, but did not specify.

However, the company denied that the cuts would be related to the slower than expected launch of 5G technology, Xinhua news agency reported.

Instead, the aim is to make operations more efficient as the consolidation after the purchase of the French Alcatel-Lucent has been completed.

Tommi Uitto, director in charge of Nokia’s operations in Finland, said the changes are “necessary”. The cutbacks are part of 700-million-euro (about $798.7 million) savings announced in October 2018. Thereafter Marc Rouanne, one of the key directors, left the company.

In line with the government's Digital India programme, Nokia on Wednesday launched a "Smartpur" digital village project with the aim of developing 500 digitally integrated villages across the country in five years.
Nokia gave 350 as a layoff target in Finland, and said the figures in France and Germany would be higher, but did not specify. Pixabay

In France, the General Confederation of Labour (CGT) accused Nokia on Tuesday of attempting to improve profitability through shifting work to countries where labour costs are lower than in France.

Finnish daily Helsingin Sanomat quoted the union as saying that Nokia has broken its 2016 promise to the then finance minister Emmanuel Macron that staff size at Alcatel-Lucent and Bell Labs would remain at 4,200 for two years.

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CGT claimed that Nokia had also broken its pledge to employ 2,500 new staffers in research and development. Helsingin Sanomat economics writer Petri Sajari said the French unions could turn the Nokia cutbacks against President Macron.

Headquartered in Espoo, Finland, Nokia currently employs 100,000 people worldwide, 6,000 of them in Finland. (IANS)

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Tech Giant Xiaomi Generates Employment For Over 50,000 Individuals in India

Xiaomi's manufacturing partners contribute over 30,000 employees of which more than 95 per cent are women

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Xiaomi
The third biggest contribution comes from offline stores support followed by logistics partner support who dedicatedly work for Xiaomi. Wikimedia Commons

Xiaomi on Wednesday announced that it has generated employment for over 50,000 individuals in India.

This has been built over the last five years since 2014 – and comprising of partners from manufacturing, after sales, offline sales, logistics and corporate employees.

“In 2014, when we began our journey – it was a one person team where Manu did everything. As we scaled up – we hired and trained talent, and worked closely with our partners to build a strong ecosystem of people to work for Xiaomi. Today, we are so proud of the fact that over 50,000 people’s lives have been touched because they work with Xiaomi directly or indirectly,” Muralikrishnan B, Chief Operations Officer, Xiaomi India said in a statement.

Xiaomi
Xiaomi on Wednesday announced that it has generated employment for over 50,000 individuals in India. Wikimedia Commons

Xiaomi’s manufacturing partners contribute over 30,000 employees of which more than 95 per cent are women, followed by authorised service center engineers, repair factory engineers and customer care executives.

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The third biggest contribution comes from offline stores support followed by logistics partner support who dedicatedly work for Xiaomi. Xiaomi India employs 1000+ people across its corporate HQ in Bengaluru and over five regional offices. (IANS)