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Articles tagged with: Bochum
European Commission Approves Aid for Former Nokia Employees
The European Commission has approved an application by Germany for financial assistance for the former Nokia workers laid off when the company closed its factory in bochum. The funding will help the 1,316 most disadvantaged among these dismissed workers to return to employment. The total estimated cost of this package is €11.1 million, of which the European Globalisation adjustment Fund has been asked to fund €5.5 million. more
Related Tags: european-commission, nokia, Germany
Nokia Completes Sale of German Handset Factory
Nokia has announced that it has agreed on the terms of the sale of its bochum, Germany facilities to Essen-based Thelen Group. The change in ownership of the properties in Meesmannstraße and in Rensingstraße takes effect retroactively to October 31, 2008. The new owner plans to establish a business park, where up to 1,000 jobs are expected to be created in the medium term. more
An Old Dream Fulfilled: Zinc Oxide as Semiconductor
Zinc oxide is a "jack of all trades" - thousands of tons thereof are produced all over the world every year. Its fields of utilization range from food additive to sun screening agents. It is even significant as semiconductor, although the great breakthrough in this field is yet to come, as prfect doping is not yet possible. more
Related Tags: semiconductor, semiconductors, germanium, sun
Nokia to Reimburse German State in Plant Closure Dispute
BERLIN (AFP)--Nokia will reimburse a German state over EUR1.3 million to resolve a plant closure dispute that has cost the mobile phone giant tens of millions already, officials said Saturday. more
Related Tags: Germany
Nokia Q2 Sales Up - Profits Drop 61%
Nokia has reported second quarter net sales of EUR 13.2 billion (US$21 billion), up 4% year on year and up 4% sequentially. Net income fell to EUR1.1 billion (US$1.75 billion) in the quarter - down on the EUR2.83 billion (US4.5 billion) a year ago, and down on the EUR1.22 billion (US$1.94 billion) in Q1. The drop was caused by costs for its bochum factory in Germany and one off gains a year earlier more
Related Tags: nokia-siemens-networks, siemens
Nokia Settles German Factory Subsidies Row
Nokia has announced a package of economic measures to assist former employees at its German handset factory in bochum - and that it has closed the issue of subsidies paid when it originally opened the factory. Nokia, the State of North Rhine-Westphalia (NRW) and the City of bochum jointly unveiled their plan to stimulate growth, create new jobs and generate investment for bochum and the neighbouring cities. more
Related Tags: chief-financial-officer, Germany
Nokia Secures Deal with German Factory Staff
Nokia says that it has secured key elements of a reconciliation of interests and social plan for employees affected by the plan to close its Germany handset factory at bochum. The EUR200 million (US$315 million) package calls for bochum to be shut down by June 30, after which Nokia will establish a transfer company for affected staff for one year. more
Related Tags: Germany
German Government: Paid Informer for Bank Details on Tax Evasion
BERLIN (AFP)--The German government said Saturday that it paid an informer to get Liechtenstein bank details on a multi-billion-euro tax evasion scandal that has rocked the country's business elite. more
Related Tags: deutsche-telekom, tax, Germany
Nokia "Astonished" by Plans to Recall German Handset Factory Subsidies
Nokia has received information from the North Rhine-Westphalia (NRW) Bank that it and the NRW government plan to attempt to recall subsidies given to the company back in 1999. Nokia says that it is "astonished" by this development in the row over its closure of its German handset plant. more
Related Tags: Germany
German Officials Probe Nokia's State Subsidies
BERLIN (AFP)--German officials said Saturday they were looking into whether Nokia, which recently said it would close its factory in the western city of bochum, had received more state subsidies than it was due. more
Related Tags: Germany