Finland: Nokia creates a stir with a voluntary leave policy for its oldest employees

The Finnish group Nokia announced that its employees with over fifteen years of seniority may leave the company with one year's wages. This offer concerns 5.000 people around Helsinki and will then be extended to all the employees in the world with the same seniority requirement, even though most of the oldest employees are in Finland. The leave offer counts for the year 2009. (Ref. 090004)
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The decision to
give 12 months of salary to the eldest employees to encourage them to leave (in practice six months of salary plus an exemption
of notice amounting to six more months) has created a stir in Finland. Nokia
presents it as a human resources management tool for those willing to evolve
with their career or change sectors. Employees and their representatives are
afraid this is a way of getting rid of protester employees, or that Nokia has a
figured goal of staff reductions in Finland

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