Feeds

Germans demand Nokia return funding

Nokia 'astonished'

High performance access to file storage

Nokia has responded with astonishment to the attempt by the North Rhine-Westphalia Bank and local government to reclaim subsidies given to the mobile phone maker in 1999, claiming they invested more money and created more jobs than the subsidy demanded - even though they've now closed the factory.

Nokia reckons it received a total of €41.3m from the bank, compared to its own investment of more than €350m, and employed an average of 3,200 people at the site. Its commitment was to keep 2,860 in work for the money.

Nokia's figures only cover from 2001 to 2007, while the deal was made in 1999, so those first two years could drag the total down. Nokia also admits that a proportion of those employed weren’t working for Nokia directly, so there's some room for debate there too.

The mobile phone monolith does point out, rather snottily, that it paid just as much in tax as they received in subsidy, though what bearing that has on the agreement isn't clear.

It's also saying it's keen to discuss the issues with both the bank and local government, while making clear that it has no intention of returning the money. Right now all this is sabre-rattling - it remains to be seen who backs down first or if both parties have the nerve to take it to court. ®

High performance access to file storage

More from The Register

next story
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.