Nokia Finnish investors considering gathering signatures to get CEO Elop sacked
That tough transition period is far from over. Now, it seems that Nokia shareholders have started a discussion on gathering signatures to have Elop out of the company. A forum discussion on Finnish business newspaper Kauppalehti shows that the Finnish shareholder association is actively debating whether it should start making a list of signatures to have the former Microsoft employee sacked.
Under Elop, Nokia is letting go a fifth of its workforce, including staff in Finland. The company has also outsourced manufacturing to Asia, and is shutting down plants across Europe and other countries. Most recently, Nokia closed all alternative platforms like Meltemi, a stripped version of MeeGo, aimed to power the best selling affordable Nokia phones. The focus seems to be fully on Windows Phone 8 at Espoo, and hopefully it will have the first devices out soon and in time for the Holiday season, a success there might be the only thing that will keep chief executive Elop at his position.
source: Kauppalehti via Communities Dominate Brands