The layoffs continue and Nokia is biting. Despite being the world’s largest mobile phone maker, Nokia has to cut down its workforces as well. With an expected layoff of as many as 1,000, a voluntary departure package has been laid out. However, these layoffs will not impact the firm’s Indian operations, for it being one of the growing markets in the world.

Nokia has said the new plan would lessen the need for “involuntary redundancies” and also help in cutting costs.

“The voluntary resignation package will be open for application from March 1 until 1,000 employees have applied, closing at the latest on May 31, 2009,” the Finnish company said in a recent statement.

When contacted, a spokesperson of Nokia India said, “India is one of the growing markets and the above mentioned package does not imply on them.”

In fact, the company is still recruiting in India.

The voluntary measures are aimed at reducing personnel- related costs and lessening the need for involuntary redundancies, it added.

(Source) The Asian Age

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Tags: Business, departure package, india, Layoffs, mobile phone maker, Nokia, Nokia, redundancies, Voluntary Resignation