5,000 employees opt for VRS at Nokia Chennai factory
Nearly 5,000 of the 6,600 permanent employees of handset manufacturer Nokia plant at Sriperumbudur near here have opted for the Voluntary Retirement Scheme (VRS) announced by the company last month. “While we set no target for the VRS in terms of the number of employees, we have about 5,000 employees opting for the scheme (which ended today),” a Nokia India statement said. It also said that to support the employees who have taken the VRS package, the company had introduced a ‘Bridge’ initiative under which “consultancy services and employment outlook trainings” were being offered. Nokia, which recently sold its mobile unit to Microsoft, currently operates the plant as a contract manufacturer for the US-based software major.
Read the Economic Times news report here.