Nokia India has offered a golden handshake or Voluntary Retirement Scheme for its workers at the Seriperumbadur plant near Chennai. Nokia has offered a clear financial option for interested employees while also giving them a chance to look for new opportunities. However, it has set no target for the VRS in terms of numbers.
The fate of its employees has been hanging in the balance ever since Microsoft bought out the troubled handset maker. All employees coming forward are entitled to the package. Currently, Nokia has 6,600 full-time employees at this plant. Recently, about 3,000 Nokia employees had staged a one-day fast to draw the attention of the governments to their plight.
The production at the Chennai plant, one of its biggest, has declined from 1.3 crore handsets a month to just 40 lakhs a month. The plant, operating in three shifts earlier, now operates only two shifts.