Nokia offering Voluntary Resignation Packages

Only for the first 1,000 Nokia employees — the Finnish company is offering voluntary resignation packages to about 1,000 of its employees globally including encouraging them to go on sabbaticals in an effort to reduce more cost.

This according to a press release sent out yesterday:

The global Voluntary Resignation Package will be made available for employees worldwide, with the exception of direct labour and senior executives. The terms and conditions of the package are in accordance with local practices and legislation. The Voluntary Resignation Package will be open for application from March 1 until 1,000 employees have applied, closing at the latest May 31, 2009.

During 2009, Nokia will also grant short-term unpaid leaves and sabbaticals of, for example, one month, more freely where operations allow and business continuity is not jeopardized. Furthermore, during 2009 the company will also encourage employees not to “cash in” their holiday but to take their holiday as time off, as it is intended.

The Voluntary Resignation Packages is a nice way of saying “resign or we’ll put you on the redundancy program”. Not sure if any employee will bite this but if the package has a nice lump sum in it and a glowing recommendation letter, enterprising people might just grab it while it’s hot.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

9 Comments

Voluntary says:

15 years ago

http://www.youtube.com/watch?v=JTbKHl2aOoQ
- Reply
Voluntary says:

15 years ago

I found this song and for me it has been great fun to listen!
- Reply
Bill Batson says:

16 years ago

Applause to the author for such indepth knowledge. I will read on your other articles. Excellent blog!
- Reply
Tocular says:

16 years ago

ano ba yan!!! ano ba to? ganun ba ka late ang mga news dito??? feb 25 na post? ang late naman.
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CarloBlogg says:

16 years ago

ngaun lang ako nakakita ng resignation na inooffer, weh, maybe its just me haha!
- Reply
lhyn says:

16 years ago

For me, they should resign.. tara na resign na tayo
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heyru says:

16 years ago

They should resign. Kung talagang magaling ang empleyado, di naman basta basta nila payagang mag resign…
yun lang…
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Andre Marcelo-Tanner says:

16 years ago

atleast theyre offering it
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lexx says:

16 years ago

wew! let’s resign!
- Reply

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