NEW DELHI, April 11 Nokia Oyj is
offering voluntary retirement at an Indian factory at the centre
of a tax dispute after a review of the regulatory environment in
countries where it operates.
Nokia planned to transfer the plant to Microsoft Corp
as part of the 5.4 billion euro ($7.5 billion) sale of
its handset division, but the local tax office seized it last
A court later ordered Nokia give the tax office a 35 billion
rupee ($582.17 million) guarantee before transferring the plant
to Microsoft. Nokia has yet to agree.
Nokia on Friday said, without referring to the dispute, that
it launched a voluntary retirement scheme (VRS) after a review
in which it considered the "predictability and stability of the
regulatory environment" in countries where it operates.
"We have set no target for the VRS in terms of the number of
employees. All of the employees coming forward are entitled to
the package," Nokia said in a statement.
The plant is in the southern city of Chennai and, with about
6,600 fulltime employees, is one of Nokia's biggest for making
($1 = 0.7204 Euros)
($1 = 60.1200 Indian Rupees)
(Reporting by Devidutta Tripathy; Editing by Christopher