Top Story   Dell Inspiron Mini 9 Netbook is on Sale

Nokia tries to make good on closed German Factory with over $32m Investment

Posted on Thu, 3 Jul 2008 06:38:50 CDT | by Luigi Lugmayr

More Mobile Phones News

Nokia tries to make good on closed German Factory with over $32m Investment

Related Stories

Latest in Topic

Nokia, the State of North Rhine-Westphalia (NRW) and the City of Bochum jointly unveiled a plan today to stimulate growth, create new jobs and generate investment for Bochum and the neighboring cities.

Nokia invests 20m Euro (~$32m) into the Growth for Bochum program plus the net proceeds from the sale of Nokia's production facility and property in Bochum.
The state of NRW will also contribute a co-investment in the amount of 20 million Euros ($32m).

The Growth for Bochum program aims at making the region a more attractive for startups and investors to generate new jobs.

Nokia drew a lot of heat for closing the subsidized plant in Bochum and moving production to Romania earlier this year.
More details in this Nokia announcement.



Related Topics

German Nokia



Actions


Posted on Thu, 3 Jul 2008 06:38:50 CDT | by Luigi Lugmayr

I4U News Product Reviews

All I4U News Categories

Close