Amid global job cuts, Nokia Siemens to increase workforce in India

According to a latest update, mobile network equipment maker Nokia Siemens Networks will increase its workforce in India very soon.

As a matter of concern, it is found; the NSN venture was set up in April 2007 to compete against rivals. However, it was struggling to make profits due to customer consolidation and aggressive price competition. Stats revealed, Huawei's market share was 22.3 percent in the second quarter against 18.1 percent share held by Nokia Siemens.  

Nokia Siemens had announced to reduce its workforce by 17,000 globally. 

Rajeev Suri, CEO Nokia Siemens Networks has shared his views with our team that overall spending by telecom operators is expected to be flat this year. So, NSN is now planning to focus more on mobile broadband and scrap some segments where the company does not see much profitability till date.

Suri further added, NSN is following its restructuring plans. He is also expecting to increase headcount in India as the company is mulling to scale up its offshore services capabilities in the country.

Presently, NSN has around 10,000 staff in India, plus another 5,000 contractors.