Feeds

Nokia coughs up €200m over axed German workers

Agreement on transfer company

Internet Security Threat Report 2014

Nokia will pay €200m to compensate workers for the closure of its mobile phone plant in Germany. It will also establish a transfer company to help staff for at least one year. Some 2,300 employees will lose their jobs at Bochum.

Nokia was widely critisised for the closure of its plant in Bochum and infuriated many German unions and politicians. Last month, Germany's western state of North-Rhine Westphalia (NRW) told Nokia to repay all its subsidies plus interest by 31 March or face legal action. It is unclear whether NRW will back down.

Jürgen Rüttgers (CDU), Minister-President of North Rhine-Westphalia, said he welcomed yesterday's news.

Nokia executive vice president and supervisory board chair Veli Sundbäck said in a statement: "Nokia has agreed on a fair and responsible social plan.

"We are well aware that closing the site is painful for all affected employees and their families. As we have clear responsibilities to our employees in this kind of difficult situation, it was our special concern from the start to compensate the loss of the jobs in a respectful and fair manner."

Nokia will comment further on the financial costs in connection with its Q1 report due on 17 April.

While production at Bochum will cease by the end of June 2008, Nokia says it will continue to have a strong presence in Germany with a major sales and marketing unit in Düsseldorf and representation through a devices R&D team in Ulm.

Nokia is the only major mobile device maker with an R&D presence in Germany, and its footprint in software is growing with the acquisitions of Gate5 and Loudeye and the pending purchase of Navteq, which has personnel in Frankfurt. ®

Remote control for virtualized desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.