Nokia staff volunteer redundancy

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Nokia has requested staff volunteer for redundancy as its seeks to slash 1,000 jobs from in the coming months.

Nokia has established a ‘Voluntary Resignation Package’ and encouraged wider use of short-term unpaid leaves and sabbaticals. Nokia will also encourage employees to take holiday as time off instead of taking cash compensation this year.

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.”
 
The Voluntary Resignation Package will be made available for Nokia employees worldwide, with the exception of direct labour and senior executives.

The Voluntary Resignation Package will be open for application from March 1 until 1,000 employees have applied, closing on May 31 at the latest.
 
A Nokia statement said: “These measures are part of Nokia’s previously announced plans to adjust its business operations and cost base according to market demand and safeguard future competitiveness. Nokia continues to seek savings in operational expenses, looking at all areas and activities across the company.”

 

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