Chennai : Finnish telecom major Nokia will suspend its mobile handset production at Sriperumbudur plant from tomorrow, while a financial package of Rs 7.5-9 lakh has been finalised for the last 900 employees.

Though the company had offered voluntary retirement scheme for 5,600 employees at the facility post the Nokia-Microsoft USD 7.5-billion deal, the fate of about 900 employees had “remained uncertain” following the suspension of production at the plant. Soon after the announcement of Nokia suspending production at the facility from November 1, political parties were up against the move seeking intervention of the state government to take over the plant considering the future of about 900 employees.

The facility was producing some of the basic GSM handsets and was serving the local market, besides exports. “The settlement that was offered depends upon the experience of the employees. They have told us it would include the November and December month salaries,” an

employee told PTI here.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal