Nokia 2012 Annual Report Download - page 166

6D. Employees
At December 31, 2012, Nokia employed 97 798 people, compared with 130 050 people at
December 31, 2011, and 132 427 people at December 31, 2010. The average number of personnel for
2012, 2011 and 2010 was 112 256, 134 171 and 129 355, respectively, divided according to their
activity and geographical location as follows:
2012 2011 2010
Devices & Services ................................. 41480 54850 56896
Location & Commerce .............................. 6441 7187 6766
Nokia Siemens Networks ............................ 64052 71825 65379
Corporate Common Functions ........................ 283 309 314
Nokia Group ...................................... 112 256 134 171 129 355
Finland ........................................... 14381 18715 20956
Other European countries ........................... 27586 34737 35175
Middle-East & Africa ................................ 4290 5017 4628
China ............................................ 20674 22082 18923
Asia-Pacific ....................................... 26680 29611 26976
North America ..................................... 7846 8771 8128
Latin America ...................................... 10799 15238 14569
Nokia Group ...................................... 112 256 134 171 129 355
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 Nokia Leadership Team as at December 31, 2012, either
through share ownership or, with respect to the Nokia Leadership Team, through holding of equity-
based incentives, which may lead to share ownership in the future.
With respect to the Board of Directors, approximately 40% of director compensation is paid in the form
of Nokia shares that are purchased from the market. It is also Nokia’s policy that the Board members
retain all Nokia shares received as director compensation until the end of their board membership
(except for those shares needed to offset any costs relating to the acquisition of the shares, including
taxes). In addition, it is Nokia’s policy that non-executive members of the Board do not participate in
any of Nokia’s equity programs and do not receive stock options, performance shares, restricted
shares or any other equity based or otherwise variable compensation for their duties as Board
members.
For a description of our remuneration for our Board of Directors, see Item 6B. “Compensation—Board
of Directors—Remuneration of the Board of Directors in 2012.”
The Nokia Leadership Team members receive equity-based compensation in the form of performance
shares, stock options and restricted shares. For a description of our equity-based compensation
programs for employees and executives, see Item 6B. “Compensation—Equity-Based Incentive
Programs.”
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