Nokia (NOK) intends to reduce its IT headcount by more than 1,000 as it outsources its tech...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK) intends to reduce its IT headcount by more than 1,000 as it outsources its tech needs to Indian suppliers, with 820 workers set to move to HCL Technologies and Tata Consultancy Services. Over 300 jobs will be cut. The move is part of Nokia's restructuring in which it is slashing 10,000 positions. Shares +1.75% premarket. (PR)