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Germany: Give us back our $60.5 million, Nokia |
BobaFett
Joined: Jan 06, 2004
Posts: > 500
From: Kamino (wish it would be Lund)
PM, WWW
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"The German state of North-Rhine Westphalia wants its €41.3 million (about $60.5 million) back. The reason? Germany wants the corporate subsidies given to Nokia back in 1998 and 1999 for its plant in Bochum. The very plant Nokia is about to shut down at the cost of some 2,300 German jobs. Nokia responded to Germany's demand saying that it is "astonished" and "Based on the facts available to the company and Deutsche Bank, its advisor throughout the entire period, both parties feel strongly that such an attempt is without merit." Of course, Nokia won't hurt too badly if forced to pay out. Nokia's new Romanian plant is expected to cost just a tenth of the Bochum plant to operate. Nokia also posted a staggering $2.6 billion in profit from the last quarter alone. The German authorities know a cash cow when they see it."
http://www.engadgetmobile.com[....]s-back-our-60-5-million-nokia/
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BobaFett
Joined: Jan 06, 2004
Posts: > 500
From: Kamino (wish it would be Lund)
PM, WWW
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update
"Today Nokia and its employee representatives started negotiations on Nokia’s plan to close its Bochum site. Representatives of Nokia management in Germany and employee representatives met for an initial meeting and agreed to continue the negotiations over the coming weeks. The aim of the negotiations is to reach socially responsible, acceptable and fair solutions for the Nokia employees affected by the company’s closure plan.
After the initial meeting ended, both parties confirmed that “the start of the negotiations was conducted in a good and open atmosphere with the shared aim to reach a satisfactory solution for all parties concerned as soon as possible”.
It is mutually understood that these negotiations are to be conducted in a confidential manner and any further information about important steps or certain outcomes of the negotiations will be provided as soon as any important milestones are reached.
Leading the negotiations from the employer side is Klaus Goll, Managing Director and Director of Labor Relations for Nokia in Germany, and from the employee representatives side is Werner Hammer, head of the Germany works council. "
http://justamp.blogspot.com/2[....]-employee-representatives.html
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Posted: 2008-02-06 14:36
