- Nokia appoints Tarun Chhabra as new head of Nokia India amidst challenging market conditions.
- Nokia announces plans to cut up to 14,000 jobs globally as part of cost-cutting measures.
- Despite robust financial performance, Nokia faces slowdown in 5G deployment by Indian telcos, leading to restructuring efforts.
Nokia’s decision to appoint Tarun Chhabra as the new head of Nokia India comes at a critical juncture for the company amidst challenging market conditions and a global workforce reduction plan. Chhabra, with his previous experience as the head of mobile networks and senior vice president at Nokia, brings a wealth of knowledge and expertise to his new role. His appointment reflects Nokia’s strategic focus on maintaining a strong presence in key markets like India while navigating significant operational changes.
The global restructuring plan, aimed at reducing the workforce by up to 14,000 jobs, highlights Nokia’s commitment to enhancing operational efficiency and adapting to evolving market dynamics. The impact of these changes has been felt in India as well, with the restructuring process resulting in some employees being asked to resign and others opting for voluntary exits. Despite facing challenges such as a slowdown in 5G deployment by Indian telecom operators, Nokia remains steadfast in its pursuit of long-term growth and customer satisfaction.
