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Telecom equipment manufacturer Nokia has said that there will be a minimal impact on employees in India after its merger with Alcatel-Lucent. The combined entity will have about 20,000 employees and there are concerns over layoffs, especially in overlapping roles.
Speaking to BusinessLine , Sandeep Girotra, VP and Head, India Market, Nokia, assuaged these fears. “The uncertainty is minimal. People have all been mapped and they know where their final destination is,” he said
Now that the acquisition of Alcatel-Lucent has been completed, Girotra said that future bidding will be only under one brand, Nokia, and the global business model would apply in India, too.
Combined entity “We are now working as one combined entity when it comes to making bids to customers or presenting anything to the government or the media or the public,” he said.
Last April, the Finland-based company had announced the acquisition of Alcatel-Lucent for €15.6 billion in an all-stock deal, to strengthen its telecom-equipment market share.
Recently, the company also said that it will hold around 91 per cent of the share capital of Alcatel-Lucent.
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