Nokia agrees 200-million-euro payoff for German workers
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Tue, 08 Apr 2008 13:04:02 GMT |
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Dusseldorf, Germany - Nokia agreed with German unions Tuesday to give 200 million euros (314 million dollars) in redundancy payments to workers at a factory in Bochum which the Finnish handset company has decide to axe. Nokia, which makes four out of every 10 mobile phones sold worldwide, is moving to a lower-cost site in Romania and laying off about 2,000 German workers who assemble the cellphones. A joint announcement in Dusseldorf said the plant at Bochum, part of Germany's struggling Ruhrgebiet metropolitan zone, would close on June 30. Hours earlier, 300 militant workers had demonstrated outside Nokia's Dusseldorf offices for a fair lay-off deal.
Copyright DPA
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