Nokia Agrees to Pay Back German State Over Plant Closure
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Jul 28, 2008, 8:26 AM by Eric M. Zeman
Earlier this year, Nokia announced that it would close a manufacturing plant in Bochum, located within the German state of North Rhine-Westphalia. The government of North Rhine-Westphalia had given Nokia four millions euros in grants to build the plant to begin with. When Nokia announced the plant closure, North Rhine-Westphalia sought to be reimbursed for those grants. Nokia has agreed to pay North Rhine-Westphalia 1.3 million euros to resolve the matter. About 2,300 workers lost their jobs as a result of the closure.
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