Bloomberg News

Accenture Offers Buyouts to Finnish, U.K. Ex-Nokia Employees

February 13, 2012

Feb. 13 (Bloomberg) -- Accenture Plc, the world’s second- largest technology-consulting company, is offering Finnish and U.K. employees who transferred last year from mobile-phone maker Nokia Oyj a buyout package to quit their jobs.

Employees have until the end of this week to respond to a proposal made last week, Hetta Huittinen, an Accenture spokeswoman in Helsinki, said in a phone interview, declining to specify what the package includes.

Nokia transferred about 2,300 employees, including 1,200 in its home country of Finland, to Dublin-based Accenture, along with an outsourcing agreement for the 10-year-old Symbian software that the manufacturer is retiring as it shifts to Microsoft Corp.’s Windows Phone platform.

Chief Executive Office Stephen Elop said Jan. 26 that Espoo, Finland-based Nokia will sell “fewer Symbian devices than previously anticipated,” without giving a new prediction. Elop said in February 2011 that the company would ship another 150 million phones equipped with Symbian software.

Finnish magazine Suomen Kuvalehti reported Feb. 10 that Accenture is offering the former Nokia employees the equivalent to 15 months’ pay. Huittinen said the package is “market competitive.”

The consulting company is “retraining and redeploying staff, and we wanted to offer them the possibility to look for other challenges if they feel Accenture is not the best place to be,” she said. “The mobile industry is changing quickly and we need to rebalance our resources against demand from Nokia and other clients.”

--Editors: Tom Lavell, Robert Valpuesta

To contact the reporter on this story: Diana ben-Aaron in Helsinki at dbenaaron1@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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