Germany: Nokia to pay €200 million for the closing of its Bochum factory

Almost three months after the disputed announcement, on January 15, 2008, of the closing of Nokia's Bochum factory (see our dispatch No. 580052), the Finnish telecom giant and the works council (WC) defined, on April 8, the guidelines for a €200 million redundancy program, that is almost three times more than what had been initially planned. The factory, which employs about 2.300 people, will close on June 30. (Ref. 080283)
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.

During a joint press conference, representatives from the management and from the WC specified that the 2.300 employees would be discharged as early as May 30 and still be paid. Starting on July 1, notices of dismissal will be individually defined by the employees depending on the time they spent in the company. They will go from 1 to 7 months. Every employee dismissed will then work for a year in a transfer company (Transfergesellschaft) which will help them find a new job until the beginning

You are reading this article thanks to your trial period.
Explore new horizons by checking out our other verticals:
You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
Netherlands: Uber fined over 800 million euros for automated algorithmic decisions
The news. In a decision dated 17 August, the Dutch Data Protection Authority fined ride-hailing company Uber €825 million for automating decisions regarding driver account deactivations. The...
Portugal: open consultation on the transposition of the Pay Transparency Directive
The news. On 5 August 2026, the Portuguese government published a document proposing a draft text to transpose the EU Pay Transparency Directive as the basis for a public consultation open until...
EU: the Commission will set up an Expert Group on the impact of AI in the world of work
The news. On 22 July 2026, the European Commission published a progress report on the EU-27’s achievements regarding the objectives of the European Pillar of Social Rights, reinforced by the...
Belgium: toward an additional five days of leave following the birth of a child
The news. On 18 July, the Belgian federal government approved a draft bill introducing an additional five days of leave following the birth of a child. This entitlement would be added to existing...