Nokia on Tuesday said it has invited employee representatives to consultative negotiations with a view to shedding roughly 350 jobs in Finland in 2019. (Credit: Mikko Stig – Lehtikuva)

NOKIA on Tuesday announced it will seek to improve the profitability of its operations by cutting approximately 350 jobs in Finland in 2019.

The Finnish network equipment manufacturer revealed that the redundancies will be carried out at all of its units in the country, with the exception of its manufacturing facility in Oulu, North Ostrobothnia.

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Quick loan companies have become serious problems for the society, but are goldmines to their owners. OPR Finance's CEO's earnings were €1,8 million last year. The company runs Ostosraha (shopping money) a quick loan, high interest operation.

 

Asiakastieto Group has announced that there is now a record number of 382 000 persons with payment defaults in its consumer credit information register, i.e. 7 700 more than a year before. Each registered subject has on average 15 payment defaults. In 2018, approximately 1,6 million new payment default entries were registered to consumers. 

”The number of persons with payment defaults is increasing, even though the economic development is positive and the employment is on the mend as well.

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A Finnair flight at Helsinki-Vantaa Airport, December 2018 (Image: Lehtikuva)

FINLAND’S NATIONAL CARRIER, FINNAIR, HAS ANNOUNCED that their popular service running between Helsinki-Vantaa Airport and London-Heathrow Airport will be expanded in 2019, allowing for greater travel capacity between the two cities.

The flight is currently one of the busiest routes operated by Finnair, with business travellers and tourists making up the vast majority of traffic between London and Helsinki. Finnair has announced the changes to the service will allow for a 21% increase in passenger traffic over the summer season.

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Pipedrive headquarters in Tallin

Pipedrive CRM software designed by salespeople for salespeople

Pipedrive is a sales CRM, or Customer Relationship Management, tool that began as a tiny start-up in a garage in Estonia in 2010. Now, the company has expanded globally. It has $80 million in funding and has its headquarters in Tallinn and New York City, offices in London and Lisbon and over 75,000 customers in over 170 countries. Their success is seen not only through this global expansion but through its achievements as well. It won the 2017 Sales Tech Award, was named Best Employer in Estonia in 2016 and Best Enterprise SaaS B2B Startup by The Europas in 2015.

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San Francisco-based Zynga on Thursday said it has entered into an agreement to pay 560 million US dollars to acquire an 80 per cent stake in Finland’s Small Giant Games. (Credit: Small Giant Games)
San Francisco-based Zynga on Thursday said it has entered into an agreement to pay 560 million US dollars to acquire an 80 per cent stake in Finland’s Small Giant Games. (Credit: Small Giant Games)

 

Zynga, an American developer of social games, announced yesterday it has entered into an agreement to pay 560 million US dollars to acquire 80 per cent of the common stock of Small Giant Games, a mobile games studio based in Helsinki, Finland.

The transaction is expected to close on 1 January 2019.

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Nomahlubi Alicia Nazo of Foi Science from South Africa was one of the Forerunners of the GIA competition.  Her startup teaches women to produce wound bandaging from fish skin, which would otherwise go to waste.

Another Slush startup festival is just over and flights out of Helsinki are full of attendees returning to over 90 countries from which they travelled all the way to Helsinki for this event. In addition to the main event, every year there are several “side events” taking place around the same time, starting a few days before and continuing for a couple of days after the main event. Some of the side events are Slush’s own “official side events” and some are arranged by other organisers and accepted and promoted by Slush in their list.

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Kotipizza, the largest pizzeria chain in Finland, is set to move into the ownership of Orkla, a Norwegian retailer of consumer goods. (Credit: Jussi Nukari – Lehtikuva)
Kotipizza, the largest pizzeria chain in Finland, is set to move into the ownership of Orkla, a Norwegian retailer of consumer goods. (Credit: Jussi Nukari – Lehtikuva)

 

Orkla has tabled an offer worth up to 146 million euros to acquire all shares in Kotipizza Group, the owner of the largest chain of pizzerias in Finland.

The Norwegian consumer goods retailer’s offer of 23 euros per share represents a premium of roughly 39 per cent to the closing share price of the restaurant operator on the Helsinki Stock Exchange on Wednesday. 

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A forum dedicated to the protection of nature has united manufacturers and ecologists

The 7th Ecological forum was held in one of the northern Russian cities - Murmansk on 15th and 16th of November. Nornickel, a Russian mining and metallurgical company, was the organiser of the event.

Bellona, being an independent non-profit organisation, which works towards attaining a better ecological understanding, was used to criticise the Murmansk region of Russia quite aggressively in the past. However, over the course of time, the situation in the region has changed. The initiatives taken by Kola GMK, a subsidiary company of Nornickel, were aimed at achieving a fast ecological recovery in the Murmansk region despite its challenging location in the north.

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Patrons having lunch in Ravintola Teatteri in Helsinki on 12 April 2018. The restaurant was one of 77 restaurants operated by Royal Ravintolat, which was acquired earlier this year for 90 million euros by Restamax. (Credit: Martti Kainulainen – Lehtikuva)
Patrons having lunch in Ravintola Teatteri in Helsinki on 12 April 2018. The restaurant was one of 77 restaurants operated by Royal Ravintolat, which was acquired earlier this year for 90 million euros by Restamax. (Credit: Martti Kainulainen – Lehtikuva)

 

Restamax on Monday announced it has wrapped up consultative negotiations with its employees and decided to reduce 200 positions and convert the contracts of 40 employees to part-time contracts.

The Tampere-based restaurant and labour hire company stated that the positions will be reduced through involuntary lay-offs and voluntary arrangements, as well as through non-renewals of intermittent employment contracts.

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A Stockmann department store and other shops in the Nevsky Centre in St. Petersburg, Russia. Stockmann on Tuesday said it will sell the shopping centre to PPF Real Estate for 171 million euros. (Credit: Markku Ulander – Lehtikuva)
A Stockmann department store and other shops in the Nevsky Centre in St. Petersburg, Russia. Stockmann on Tuesday said it will sell the shopping centre to PPF Real Estate for 171 million euros. (Credit: Markku Ulander – Lehtikuva)

 

Stockmann on Tuesday announced it will divest its shopping centre in St. Petersburg, Russia, to PPF Real Estate.

The Nevsky Centre and its owner, OOO Stockmann Nevsky Centre, will change hands at a price of 171 million euros, 10 million euros less than the balance sheet value of the property, according to a press release from the Finnish department store retailer.

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