Nokia, Bochum employee representatives agreed on severance package and site closure date
Espoo, Finland - Nokia and Bochum employee representatives have agreed on key elements of a reconciliation of interests and social plan for employees affected by the plan to close the site, achieving the target set for the negotiation by both parties: a fair, reasonable and satisfactory solution for all. The 200-million-euro package calls for Bochum to be shut down by June 30, after which Nokia will establish a transfer company for affected staff for one year. “As we said in Ja…