GlobeNewswire by notified

Nokia increases choice and flexibility for employees following COVID-19

Share

Press Release

Nokia increases choice and flexibility for employees following COVID-19

  • Nokia is strengthening its existing flexible working practices, rethinking office spaces, and investing in technology to enable increased collaboration, following its experiences during COVID-19.
  • Around 26,000 employees responded to a company-wide survey about their remote working experience during, and working preferences after, the COVID-19 pandemic.
  • New guidelines, effective 1 January 2022, provide flexibility for employees to work up to three days a week remotely, as well as increased support for flexible working hours and fully virtual working.
  • Flexible working practices reflect Nokia’s open, fearless, and empowered cultural essentials and support inclusion and equal opportunity, while retaining productivity.

22 June 2021

Espoo, Finland – Nokia has today announced that it is strengthening itsflexible working practicesfollowing the COVID-19 pandemic.


The updated guidelines, which apply to all Nokia employees and are planned to come into effect 1 January 2022, will provide flexibility for employees to work up to three days a week remotely, as well as increased support for flexible working hours and fully virtual working. Nokia’s existing COVID-19 work from home policy remains in effect globally until the end of 2021.

The guidelines have been created based on learnings from COVID-19 experiences, direct feedback from Nokia employees and to ensure that company ways of working reflect Nokia’s open, fearless and empowered cultural essentials. Workplace flexibility is also recognized as a key enabler of diversity that allows Nokia employees to manage their different work and personal needs in an environment of trust and accountability.

Feedback from employees was captured through a company-wide survey, conducted at the end of 2020, to guide Nokia’s post-pandemic planning. Roughly 26,000 Nokia employees responded to the survey about working preferences post pandemic. 91% of respondents felt that they had retained or increased their productivity during their time working from home. On average, respondents said they want to work two to three days per week remotely, up from an average of two days before the pandemic, with 81% still preferring to come into the office for at least some of the time during their working week to collaborate and connect with colleagues.

In addition to strengthening flexible working practices, Nokia plans to rethink and redesign office spaces to better reflect post-COVID working arrangements and support collaboration. Many sites will see up to 70% of office space allocated to teamwork and meetings, with less space reserved for concentrative workspaces. Some pilot sites, including offices in Dallas, Singapore and Budapest, have already been reconfigured in 2021, with further sites expected to be completed by the end of the year.

By the end of 2021, Nokia also plans to launch a smart office solution, allowing employees to book workspaces and office amenities, as well as toolkits and guides aimed at helping people managers and teams to establish better, more flexible and sustainable working models.

The move to a new hybrid model and refurbishments of offices will proceed on a country-by-country basis, taking into consideration local needs, legal requirements and the COVID-19 situation.

“The pandemic forced organizations to change. Technology gave people the tools to innovate. In many cases, the results have been too good to go back to the old way of doing things,” said Pekka Lundmark, President and CEO of Nokia.

“While flexibility and respect have always been at the heart of Nokia, we want to give all our people even greater choice and flexibility over their work, so we are accelerating our transition to become a fully hybrid global workplace. Some people will choose to work more from home, others will choose mainly to work in offices redesigned to offer more collaborative spaces, and in other places we will secure the right facilities as and when required. This will be a country-by-country process and we will learn and refine as we go.”

Facts and figures: Nokia model of working and the COVID-19 pandemic

  • The vast majority of Nokia’s employees have worked remotely during the COVID-19 pandemic, and the company’s existing COVID-19 work from home policy remains in effect globally until the end of 2021.
  • As part of its post-pandemic planning process, Nokia surveyed its global workforce in December 2020 to establish their working preferences and gauge their experiences of working from home during the pandemic. Roughly 26,000 employees responded to the survey.
  • The new guidelines, which are planned to come into effect on 1 January 2022 and apply to all Nokia employees, provide flexibility for employees to work up to three days a week remotely, as well as increased support for flexible working hours and fully virtual working.
  • In 2020, Nokia had approximately 92,000 employees in 130 countries.

In preparation for 1 January 2022, Nokia will continue its collaborative approach, working with employees and their representatives to ensure the new guidelines are implemented appropriately in each country.

About Nokia
We create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Baltic Horizon Fund consolidated audited results for 202329.3.2024 10:35:00 CET | Press release

Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2023. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2024. Executing our strategy In a challenging economic landscape characterized by inflation, interest rate volatility, and recent geopolitical events, the Fund has assessed various strategic options to navigate these complexities and ensure future growth. Over the past year, our focus has been on reshaping our strategy to foster sustainable value, concentrating efforts on avenues that promise reliable and consistent growth for our investors. In light of prevailing market conditions, we firmly believe that the execution of the ‘Modern City Life’ strategy, introduced to investors in summer 2023, is paramount to their best interests. In the coming years, we expect two thirds of the Fund’s NOI to come from the centrally located ‘Modern City Life’ multi-fu

Progress on ABN AMRO share buyback programme 22 – 28 March 202429.3.2024 08:00:00 CET | Press release

Progress on ABN AMRO share buyback programme 22 – 28 March 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 22 March 2024 up to and including 28 March 2024 a total of 3,000,000 shares and depositary receipts were repurchased at an average price of €15.47 for a total amount of €46,409,760.00. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase transactions and weekly reports, see the ABN AMRO website at https://www.abnamro.com/en/investor-relations/information/share-buyback-programme. To date the total consideration for shares and depositary receipts repurchased amounts to €279,519,000.00 representing 55.9% of the overall share buyback programme. ABN AMRO Press Office pressrelations@nl.abnamro.com +31 20 6288900ABN AMRO Investor Relations investorrelations@nl.abnamro.com +31 20 6282282 This press release is published by ABN AMRO Ba

Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind29.3.2024 07:00:00 CET | Press release

Press release Brussels, 29 March 2024 Regulated information – Inside information Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind On 20 November 2023, Orange Belgium SA (the “Company”) received notification from Nethys SA (“Nethys”) of its wish to contribute its 25% + 1 shareholding in VOO Holding SA (“VOO”) to the capital of the Company, provided that such contribution results in Nethys holding at least 11% of the Company's share capital (after contribution), pursuant to the provisions of the shareholders' agreement entered into by and between the Company, Atlas Services Belgium SA (“ASB”) and Nethys on 2 June 2023. Nethys can be considered a “related” party to the Company within the meaning of the IAS standards, as it has significant influence over VOO within the meaning of IAS and VOO is part of the group to which the Company belongs. Date and value of the planned t

McWhorter Foundation Combats Nelson Peltz’s Outdated Ideologies and Advocates for Sustainable Inclusivity In Corporate Leadership29.3.2024 06:59:56 CET | Press release

PALM BEACH, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- C.K. McWhorter, chairman of the McWhorter Foundation, voices concerns over outdated perspectives in corporate leadership, exemplified by recent remarks from Nelson Peltz regarding Disney's film direction. After encountering instances of racism and exclusivity on Town of Palm Beach Island (known as home to Jeffrey Epstein, Nelson Peltz and others), McWhorter reflects on the disconnect between elite boardroom discussions and the realities faced by diverse communities. While briefly meeting Nelson Peltz and shaking hands after both departed separate lunches, McWhorter initially respected his insights. However, recent comments made by Peltz suggesting Disney should avoid inclusive films have raised eyebrows and prompted McWhorter to speak out. "It's concerning when influential figures like Peltz advocate against inclusivity in entertainment," McWhorter comments. "The future is in diversity and representation, especially as millennial a

Junshi Biosciences Announces 2023 Full Year Financial Results and Provides Corporate Updates29.3.2024 05:24:27 CET | Press release

SHANGHAI, China, March 29, 2024 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial results for the full year of 2023 and provided corporate updates. FINANCIAL HIGHLIGHTS Total revenue was approximately RMB1,503 million during 2023. The revenue from pharmaceutical products increased by approximately 58% compared to 2022. The sales revenue of TUOYI® (toripalimab) was approximately RMB919 million, representing an increase of approximately 25% compared to the previous year.Total research and development (“R&D”) expenses were approximately RMB1,937 million in 2023, representing a decrease of approximately 19% compared to 2022. The decrease in R&D expenses was mainly due to the strategic management of R&D investments in certain early-stage pipelines, while optimizing resource all

HiddenA line styled icon from Orion Icon Library.Eye