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Nokia Broadens Cost-Cutting Measures

Feb 24, 2009, 9:34 AM by Eric M. Zeman

Nokia said that it is taking more steps to reduce costs, including the new Voluntary Resignation Package. Nokia will offer the package starting March 1 until 1,000 workers accept it. Nokia is also encouraging the use of short unpaid leaves and sabbaticals. Nokia didn't say how much it hopes to save.

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Comments

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This forum is closed.

NokiaGoth

Feb 24, 2009, 12:27 PM

Creative, in hard times

as we all know i'm a huge Nokia Fan. and this article just proves that they are number 1 not just in what they make but how they run their company. as alot of companies fire, and force ealry retirement onto itsd people, Nokia has taken a creative high road. that other companies should use as well. This is by far the best solution i;ve seen a company come up with in these down times. Kudos to you Nokia.

NokiaGoth 😈

murmermer

ya i wish i received forced retirement

NokiaGoth 😈

haley72

Feb 24, 2009, 11:38 AM

This just goes to show...

That this industry is not as recession proof as people once thought. When the biggest maker of cell phones starts cutting back jobs, closing down factories and asking employees to "voluntarily" resign, you know things aren't going good. I really hope this is short term and doesn't carry on too long. It would be a shame to see top manufacturers go belly up. This is going to be a tough year for the industry, from the manufacturers to the carriers and every employee in between.

asLeepLessman

Im not so sure....
Theres a lot of movement right now. People are starting to spend money again. Theres a lot more bargin shoppers then ever before, true, but those are shoppers none the less. So far the 1st 2 months of the year have been good for th...
(continues)

...

Mektah

Feb 24, 2009, 3:21 PM

Ceo cuts?

Why is that these 'money saving' ideas never include CEO cuts? When was the last time a company came out and said that we are getting rid of all CEO bonuses.

asLeepLessman

That would be like admiting the Company is in more trouble then it is willing to admit to. Even if I did CEO cuts I wouldnt tell the world about it. What about the potential CEO's I want part of my team? They hear something like that and its possible ...
(continues)

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