Nokia Bridge – To help ex-employees with their startups

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Nokia struggles financially at the moment and has reduced the staff with 40,000 in the last two years. In response they started a scheme called Nokia Bridge to help ex-employees whit their new start-up businesses. Jolla Mobile is one of the new businesses that benefit from the program.

With 40,000 layoffs announced in the last two years, Nokia has lost technical talent hand over fist. In response, it’s set up a number of centres in Europe, India and the US to help those faced with redundancy to find a new job, either inside or outside the company.

The scheme, known as Bridge, was introduced in April 2011 and offers an entrepreneurial stream. For those with a new business idea in need of backing, the programme can lead to start-up funding and exposure to angel investors, venture capitalists and other entrepreneurs.

ZDNet have a very interesting article on the subject. Click here to read the full article.