GLOBAL – The shift towards a new strategy means an unprecedented transformation of Nokia. While there is no denying that the transformation will be difficult, there are positive aspects.

“The new situation is of course challenging for the individuals, but also full of possibilities,” said Esko Aho, former prime minster of Finland and current EVP of Corporate Relations and Responsibility at Nokia. “The employees who are at risk of losing their jobs have a good education and excellent skills, which have a high demand in the job market. Nokia’s role is to use its expertise, financial support and brand to support people’s quick re-employment. For this purpose we are starting a new program that helps people to find new job opportunities or even start their own businesses.”

There are four support paths for those employees affected by the transformation:

• A new job within the company – Nokia will seek to retain talent to the extent possible, by providing career counseling and helping employees identify job opportunities in Nokia.
• A new job outside the company – Nokia will offer career counseling, help identify job opportunities and work with our extensive network to create a dedicated job portal, linking employees directly with local companies and their resourcing needs. All employees can remain with the company throughout 2011, while employees affected in 2012 will be given a two-month grace period. In addition, employees will receive a financial package in accordance with local practices should they leave Nokia.
• Entrepreneurship – Nokia will offer training, funding, and help identify business opportunities and partnerships for those interested in starting a new business or a company on their own, which can fuel new growth for impacted communities.
• Career renewal – Nokia will work with local partners to create new opportunities through co-funded research programs, scholarships, supported employment in local not-for-profit organizations and other growth companies.

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