2/24/2009 6:54:00 PM
Nokia asks 1,000 staff to volunteer redundancy
Nokia hopes 1,000 people will volunteer their resignations in a new global voluntary redundancy plan.
Nokia will open application for its Voluntary Resignation Package on 1 March and will close it after 1,000 people have applied. Application will close on 31 May at the latest and senior executives and direct labourers will be exempt.
The manufacturer said the new voluntary measures were a means to reduce the number of involuntary redundancies that it may have to make as part of cost efficiency plans.
It hopes to reduce personnel-related costs by introducing the package alongside a wider use of short term unpaid leaves and sabbaticals.
Nokia head of human resources, Hallstein Moerk, said: ‘The response from employees and employee representatives in proposing ideas to help reduce personnel-related costs has been encouraging.
'We have considered these and are now announcing voluntary initiatives that could contribute to our efforts to adjust our cost base to the current market environment. If successful, the voluntary initiatives will lessen the need for involuntary redundancies.’