Nokia to postpone prolongation during Chennai plant

Nokia pronounced it would postpone handset production during a Chennai plant from Nov 1, citing stop of a services agreement with Microsoft.

The Sriperumbudur trickery was one of a biggest plants globally.The plant was not partial of Microsoft’s $7.2-billion merger of Nokia’s handset business due to a taxation brawl with a Union government. Nokia is also confronting a blurb taxation box with a Tamil Nadu government.

Nokia had progressing settled that a plant would continue to work as a agreement manufacturer for Microsoft.

It also pronounced it was now evaluating options to minimise a impact on existent employees during a Chennai production facility. It will share serve information once sum have been finalised, besides informing all stakeholders, including a Labour Commissioner, of a suspension, a association pronounced in a statement. Nokia had rolled out a intentional retirement intrigue and around 5,000 employees had opted for it.

Article source: http://www.thehindu.com/business/Industry/nokia-to-suspend-production-at-chennai-plant/article6479567.ece