Saturday 27 December 2014
 
»
 
»
Story

Nokia Siemens picks Tata for R&D job

Helsinki, March 2, 2008

Telecom network gear maker Nokia Siemens Networks said it has agreed to outsource some of its research and development (R&D) operations to India's Tata Consultancy Services (TCS).

The reassigned functions belong to the Nokia Siemens Networks development centre in Duesseldorf, Germany, and include 90 employees who will be transferred to Tata as part of this agreement, Nokia Siemens said.

Nokia Siemens said the deal includes one third of its R&D personnel in Duesseldorf and in Germany alone it has some 3,500 R&D personnel.

The 50-50 joint venture between the world's top mobile phone maker Nokia and Germany's Siemens started operations in April last year and has been in the midst of a major restructuring programe ever since.

The company aims to cut annual costs by $3 billion, which includes cutting 9,000 jobs. Network equipment makers have suffered over the last few years as Asian players like Huawei Technologies and ZTE have hit the prices of hardware sales.

Restructuring programmes at newly-merged rivals Nokia Siemens Networks and Alcatel-Lucent allowed the market leader Ericsson to steal market share last year by aggressively undercutting prices.




Tags: research | Nokia Siemens | TCS | Outsource |

More INTERNATIONAL BUSINESS Stories

calendarCalendar of Events

Ads