IS IT OVER?

Death of a Dream!Group C3Christina DsilvaCrystal Catherine GeorgeDivya Liz GeorgeGeethanjaliGeorge Jacob

Agenda Introduction

What put Nokia in the hot seat?

Nokia in India

Why Tamil Nadu?

How the plant transformed the lives

Reasons behind the shut down

The Plant Now

Nokia Post Acquisition

Larger Questions

Nokia! When the future was Finnish Finnish MNC, HQ Espoo

274th largest company in terms of revenue (2013, Fortune 500)

90,000 people across 150 countries.

Telecom Infrastructure, Tech. Development & Licensing and online mapping services.

Microsoft acquired for $7 billion.

Market Share 2010 & 2013 A Comparison

What Put Nokia in the Hot Seat?

Nokia in India A Brief Timeline 54.1%Began Ist phone with user Texts in Hindi, Set up a Market share/ Operations menu in Hindi Ist Wi-Fi enabled plant in TN Microfinance 1998 2002 2005 2007

1995 2000 2004 2006 2009 Ist ring Ist camera User interfaces 1st regional tone phone 7650 in other languages news portal

2011 Drop in revenue, Mkt.Share 2013 Shut the TN operations

2012 2014 The Amazing Everyday Campaign Acquisition by Alliance with Microsoft. Microsoft

Why Tamil Nadu? Quick access to International Airport.

Combined support of DMK and AIDMK.

Excellent presentations from the bureaucrats.

Signed MoU on 6 April 2005, Sriperumbudur SEZ.

How the plant transformed the lives.. Performance exceeding the expectations.

Women being major part of the workforce (72%)

Women becoming independent.

Fair wages, good working conditions and trainings.

Social transformation

Reasons Behind the Shutdown Attracted attention of the wrong kind Politicians. a. Saw employees as vote banks. b. Scrap Contracts. c. Free mobile phones.

Sales tax evasion accusation by TN Government Demand Rs 2,400 Cr

Royalty payments not paid Demand Rs 15,258 Cr

Asset freeze prevented the transfer.Nokia Plant Now!! 17th August 2014 Contract manufacturing facility.

16th December 2014 Plan to sell in parts.

Appointed Hilco to take over machinery and utilities.

Machinery and Equipment could be worth 54 bn euros.

Reason behind to sell in parts taken by Nokia Nokia Post AcquisitionMicrosoft to control Nokias Devices and Services Business.

Nokias mapping entity not part of the deal.

MS to control IP agreements.

25,000 Nokia employees over to Microsoft.

For consumers - MS will honour any warranties

Future looks bright as per MS

Larger Questions Good Morning Vietnam!

Indias status as a manufacturing destination

What have the ruling parties done about workers welfare?

What about the land?Thank You