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A lesson for Nokia

The closure of the Nokia plant in Bochum, Germany, and the transfer of production to Romania have damaged the company's reputation, the Finnish paper concludes. The severance packages for the employees who lose their jobs will cost the firm a lot of money: "No doubt an amicable agreement is better for Nokia's image than a dispute. Germany is a large market and is able to make its voice heard very loudly and clearly. ... Nokia is now having to learn the hard way that you can't behave like this towards people in these times of globalisation. The decision to close the plant was without doubt very carefully thought-out, but the way it was implemented certainly won't go down as a positive example in economics textbooks."

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