Nokia agrees multimillion-pound employees’ pay-off

Nokia agrees multimillion-pound employees’ pay-off

Handset giant Nokia is to pay £160m to compensate employees in a factory closure that caused a political outcry in Germany.

The agreement between the Finnish company and employee representatives at the factory in Bochum, Germany, includes £148m in compensation for 2,300 staff, and £12m for a so-called transfer company designed to find the workers new jobs.

The payout is much higher than the £56m proposed by Nokia, according to negotiators. Employees will receive on average £64,000, officials said.

Written by Mobile Today
Mobile Today

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