Nokia Boosts Stock-Option Program to Retain ’Key’ Workers
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Nokia Oyj, the mobile-phone maker struggling to stem losses amid plunging sales, boosted its stock-option program in a bid to retain employees critical to its turnaround effort.
Nokia, which reported its fifth straight quarterly loss on July 19, will grant additional options to “key senior level employees,” though not for Chief Executive Officer Stephen Elop or his team of top executives, according to a statement from the Espoo, Finland-based company today. The move increases the number of options Nokia plans to issue under its 2012 program to 11.5 million from 8.5 million.