Feeds

Nokia offers 'voluntary retirement' to 6,000+ Indian employees

India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears

Intelligent flash storage arrays

Nokia has decided to allow an unspecified number of employees at its massive Chennai plant take voluntary retirement (VRS), as it battles local tax authorities and an April 30 deadline for transferring the factory to Microsoft.

The Finnish handset maker issued the following statement on Friday, seen by PTI:

As a global company, Nokia regularly reviews its manufacturing strategy to optimise and ensure smooth and timely delivery of its products. This process considers many factors, including the predictability and stability of the regulatory environment in the countries where the company operates.

Following such a review, we can confirm we have launched a voluntary package (VRS) at our Chennai, India facility.

Further complicating matters, the Indian government in March demanded Nokia pay Rs.35 billion ($572.5m, £342.4m) as a guarantee for tax it says the ailing smartphone maker owes.

Although Nokia has not agreed to this demand as yet, failure to do so would likely render it unable to hand over the Chennai plant to Microsoft before an end-of-April deadline which is part of its M&A deal with Redmond.

The factory has over 6,000 employees, making it one of Nokia’s largest global facilities. It is not, however, one of Nokia's happiest: around 2,000 staff went on a one-day hunger strike two weeks ago to demand greater job security.

It doesn’t look like those efforts were fruitful.

Nokia hasn’t put a number on how many staff it’s looking to offload via VRS, claiming “all employees coming forward are entitled to the package”.

“As a responsible employer, Nokia is offering a clear financial option for interested factory employees,” it added. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?