Nokia Global Restructuring Plan Overview
- Nokia is creating a worldwide restructuring plan which it will begin to implement in 2026 after its November 2022 announcement of the plan.
- Nokia will create two primary operational divisions through its restructuring efforts.
Network Infrastructure Mobile Infrastructure
The company will divide its business operations into separate units. The company will evaluate these business units to determine their future operational direction.
Expected Workforce Reduction
- Nokia currently employs approximately 74100 workers across its global operations. The company plans to reduce its workforce between 10 to 20 percent according to reports about its workforce reduction strategy.
- Sources suggest that layoffs in India may follow a similar pattern. This indicates that a significant number of roles in India could be affected.
Leadership Changes in India
- Tarun Chhabra's departure from the company will lead to new leadership appointments for India.
- Samar Mittal will become India Country Business Leader Vibha Mehra will become India Country Manager according to Justin Hoatson, Nokia's CEO.
- The new appointments will begin on April 1.
Workforce Data in India
- Nokia's Indian workforce has shown minor fluctuations between 2023 and 2024.
- Nokia employed 17708 workers in 2023 and 17270 workers in 2024.
- Job cuts will take place in 2026 according to current reports which show that the organization will implement restructuring efforts.
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