Nokia 2009 Annual Report Download - page 143

6D. Employees
At December 31, 2009, Nokia employed 123 553 people, compared with 125 829 people at
December 31, 2008, and 112 262 at December 31, 2007. The increase in the number of personnel on
December 31, 2008 compared to December 31, 2007 was primarily attributable to acquisitions
completed in 2008. The average number of personnel for 2009, 2008 and 2007 was 123 171, 121 723
and 100 534, respectively, divided according to their activity and geographical location as follows:
2009 2008 2007
Devices & Services ........................................ 56462 57443 49887
NAVTEQ
(1)
............................................... 4282 3969 —
Nokia Siemens Networks
(2)
................................. 62129 59965 50336
Corporate Common Functions ............................... 298 346 311
Nokia Group ............................................ 123 171 121 723 100 534
Finland . ................................................ 22823 23478 24698
Other European countries .................................. 37045 37714 30488
MiddleEast & Africa ....................................... 4177 5032 3384
China . . ................................................ 15026 14099 11410
AsiaPacific .............................................. 22748 20359 14873
North America ........................................... 8236 8427 5674
Latin America ............................................ 13116 12614 10007
Nokia Group ............................................ 123 171 121 723 100 534
(1)
On July 10, 2008, Nokia completed the acquisition of NAVTEQ Corporation. NAVTEQ is a separate
reportable segment of Nokia starting from the third quarter 2008. Accordingly, the average
number of NAVTEQ personnel in 2008 is for the period from July 10, 2008 to December 31, 2008.
(2)
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
Siemens, is comprised of our former Networks business group and Siemens’ carrierrelated
operations for fixed and mobile networks. Accordingly, the average number of personnel for 2007
is not directly comparable with the following years.
Management believes that we have a good relationship with our employees and with the labor
unions.
6E. 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 equitybased incentives, which may lead to share ownership in the future.
In line with Nokia’s policy, approximately 40% of the remuneration paid to the members of the Board
of Directors has been paid in Nokia shares purchased from the market. It is Nokia’s policy that the
directors retain all company stock received as director compensation until the end of their board
membership, subject to the need to finance any costs including taxes relating to the acquisition of
the shares. Nonexecutive members of the Board of Directors do not receive stock options,
performance shares, restricted shares or other variable compensation.
For a description of our equitybased compensation programs for employees and executives, see
Item 6B. “Compensation—EquityBased Compensation Programs.”
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