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News CORPORATE WATCH

  • Mar 08, 2013
  • Nokia gives steep salary hikes to staff in Chennai

    In a deal that signifies the growing importance of its Chennai facility to its comeback plans, Finnish handset maker Nokia entered into a wage pact that could see salaries of about one-third of its employees going up 200%. Five sources ET spoke to said that about 3,000 employees of the total 9,000 working at the facility will now earn Rs 21,000 a month, up from the Rs 7,000 they were taking home earlier. Other employees will also receive hikes of varying degrees.

    Source - http://economictimes.indiatimes.com