Nokia Corporation (ADR)(NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) might be planning to lay off employees at its Chennai plant in India. Nokia informed the employee union at the facility that some workforce reduction is required at the plant, according to a report from The Times of India (TOI).
A spokesperson for the Nokia India Employees Union said, “The management told us there must be reduction in workforce. We have categorically dismissed the idea.”
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