Nokia announces voluntary resignation program and other initiatives

Nokia logoThe current economic situation is very depressing to me and I am extremely thankful for the career that I have been blessed with and pray that everyone who wants to work is able to find employment. Nokia issued a press release announcing a new voluntary resignation package and other voluntary initiatives. I can’t say I quite understand why someone would voluntarily resign, unless there was some kind of good package for separation and the person has another job lined up. Nokia stated that employees can apply for this until 1,000 employees have applied with the latest closing date of 31 May 2009. Anyone have thoughts on why someone would apply for this program?

Nokia also stated they will grant short-term unpaid leave and sabbaticals of one month or more. Employees are also being encouraged to take their holiday time rather than cashing it in, which is something my company also highly recommends because of the way the books are managed. I personally would like to take a sabbatical to focus on my mobile blogs, but I am way too busy at my company to take this amount of time off so this isn’t an option right now. Hopefully, the economic situation improves so that every Nokia employee is gainfully employed.

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10 Comments to Nokia announces voluntary resignation program and other initiatives

JT
February 25, 2009

I had a friend take up his company on one of these offers. He did it because he felt like he would have been let go eventually and the package his company was offering (2 weeks of pay for every year of service) lessened the blow and allowed him time to get another job.

As it turned out the next round of layoffs didn’t offer the sweet deal so he was lucky.

Mike Maddaloni - The Hot Iron
February 25, 2009

No matter how great the company, some people will not be happy. I once interviewed for a job and someone who previously had the job told me it was the “worst job at the best company” and I never took it. As well, I have had jobs that I would have certainly taken a package to leave.

And as payroll is usually the greatest cost for a company, it surely doesn’t hurt to ask!

mp/m

Marius
February 26, 2009

I think you have to find a job where you love what you do.Even if it`s a small company or a big one, depends if you are on the same line with your job, if not..bye bye!

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