Lot of changes have been planned by the Finland-based Nokia in order to revive its position in the market, as it has been hit hard by its competitors like Apple, Blackberry and Samsung which have been introducing Smartphones.

One of the planned changes was to appoint D Shivakuma as their new boss who would handle the working of more than 90 countries, in which India would be one. All the 90 countries would have respective heads, and they would handle operations in their countries and would report to D Shivakuma.

Once king of mobile industry, Nokia is currently facing loss due to which, its shares have reduced to great extent in the market. This would result in job cuts, which is expected around 3,500 but India is exempted from this adverse effect.

Nokia shares witnessed 40% decline in India. And, owing to it, the company decided to reduce its units and as per plans, there would be 4 units and 21 sale areas points. Not only reductions but there are closures as well for some countries, like Romania, would see closure of the company.