April 8, 2008

Nokia agrees $314 million payoff for German workers

2008-01-17t142558z_01_nootr_rtridsp_2_tech-germany-nokia-dc.jpg 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, reports The Earth Times.

"Nokia 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."

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