News: Nokia's Chennai factory head quits

Strategic HR

Nokia's Chennai factory head quits

Prakash Katama, head of Nokia India’s factory in Sriperumbudur, has quit. He is being replaced by V Sembian, formerly head of product and process engineering at the plant. Katama will stay with Nokia in a consultancy role for a fixed period. He has been with the company for nearly 14 years, and as head of the plant for around five years, said a Nokia India spokesperson. His resignation comes in the midst of the prevailing uncertainty in the plant as Income Tax department froze Nokia India’s assets last year over a tax dispute. The tax issue needs to be resolved soon to enable Nokia transfer the asset to Microsoft as part of a $7.4-billion global deal.

Prakash Katama, head of Nokia India’s factory in Sriperumbudur, has quit. He is being replaced by V Sembian, formerly head of product and process engineering at the plant. Katama will stay with Nokia in a consultancy role for a fixed period. He has been with the company for nearly 14 years, and as head of the plant for around five years, said a Nokia India spokesperson. His resignation comes in the midst of the prevailing uncertainty in the plant as Income Tax department froze Nokia India’s assets last year over a tax dispute. The tax issue needs to be resolved soon to enable Nokia transfer the asset to Microsoft as part of a $7.4-billion global deal.

Read the Hindu Business Line news report here.

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Topics: Strategic HR, #Current, #Corporate

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