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Nokia and its Germany Works Council comment on talks in Helsinki on February 12, 2008

The parties had a constructive discussion about the future of Nokia’s Bochum site and agreed to start the negotiations on February 20, 2008

Nokia’s Germany Works Council representatives met with Nokia senior managers in Helsinki today to discuss Nokia’s earlier announced plans to close its Bochum site.

During the discussions, which were conducted in a constructive spirit, the parties discussed the forthcoming negotiations between the Nokia Germany Works Council and Nokia’s management in Germany, while employee representatives presented several alternatives for the future of the Bochum site. These included increased automatization in production and a change of focus for the Bochum site. Nokia’s management concluded that the proposed alternatives were not feasible and would not meet the required efficiency targets or support Nokia’s overall strategy.

In the meeting various options for employment in Bochum were discussed. Works Council representatives and Nokia shared the aim of finding innovative solutions for the future of the Nokia employees in Bochum. Both parties agreed that the key focus will be to find alternative employment for Nokia’s Bochum personnel in companies that are well-established and have long-term business targets.

Both Nokia and the Nokia Germany Works Council representatives agreed that their close collaboration about new employment opportunities will continue. As a next step, a working group comprising representatives from Nokia and the state of North Rhine-Westphalia will meet on February 14, 2008 to discuss innovative solutions for the future of of the Nokia site in Bochum.

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