Sunday, July 27, 2008

Nokia pays Germany after pulling out of factory deal

Nokia has said it will reimburse a German state
over 1.3 million euros to resolve a plant closure dispute.

Nokia will pay
out the sum to North Rhine-Westphalia, after announcing earlier this year it was
closing down its last plant in Germany in the town of Bochum.

Nokia’s
reimbursement is in part a payback to the German research ministry, which gave
Nokia four million euros in grants to finance its factory in Bochum.

When
Nokia decided to close Bochum, massive protests sprung up over the anticipated
losses of 2,300 jobs.

From : http://www.kualalumpurnews.net/