Nokia 2007 Annual Report Download - page 114
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6.D Employees
At December 31, 2007, Nokia employed 112 262 people, compared with 68 483 people at Decem
ber 31, 2006, and 58 874 at December 31, 2005. The increase in the number of personnel on
December 31, 2007 compared to December 31, 2006 was primarily attributable to the formation of
Nokia Siemens Networks on April 1, 2007. The average number of personnel for 2007, 2006 and 2005
was 100 534, 65 324 and 56 896 respectively, divided according to their activity and geographical
location as follows:
2007 2006 2005
Mobile Phones ............................................. 3475 3639 2647
Multimedia ................................................ 3708 3058 2750
Enterprise Solutions . . . ...................................... 2095 2264 2185
Nokia Siemens Networks
(1)
................................... 50336 20277 17676
Customer and Market Operations ............................... 28739 23323 18642
Technology Platforms . . ...................................... 6116 5874 6629
Common Group Functions .................................... 6065 6889 6367
Nokia Group .............................................. 100 534 65 324 56 896
Finland ................................................... 24698 24091 23628
Other European countries .................................... 30488 14490 13051
MiddleEast & Africa . . . ...................................... 3384 724 250
China..................................................... 11410 6893 5466
AsiaPacific ................................................ 14873 7915 3593
North America ............................................. 5674 6050 6680
Latin America .............................................. 10007 5161 4228
Nokia Group .............................................. 100 534 65 324 56 896
(1)
As of April 1, 2007, our consolidated financial data include that of Nokia Siemens Networks on a
fully consolidated basis. Nokia Siemens Networks, a company jointly owned by Nokia and Sie
mens, is comprised of our former Networks business group and Siemens’ carrierrelated opera
tions for fixed and mobile networks. Accordingly, the average numbers of personnel for 2007 are
not directly comparable to the average numbers of personnel for 2006 and 2005.
Management believes that we have a good relationship with our employees and with the labor
unions.
6.E Share Ownership
General
The following section describes the ownership or potential ownership interest in the company of the
members of our Board of Directors and the Group Executive Board, either through share ownership or
through holding of equitybased incentives, which may lead to share ownership in the future.
Since 1999, approximately 40% of the remuneration paid to the Board of Directors has been paid in
Nokia shares purchased from the market. Nonexecutive members of the Board of Directors do not
receive stock options, performance shares, restricted shares or other variable compensation.
For a description of our equitybased compensation programs for employees and executives, see
“Item 6.B Compensation—EquityBased Compensation Programs.”
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