KONE headquarters. LEHTIKUVA

KONE plans to renew its operating model to strengthen its competitiveness and customer focus. The target is to drive KONE’s strategy forward with greater speed and efficiency and operate more closely with customers, through stronger geographic Areas.

The planned operating model builds on many of KONE’s existing strengths, combining scale and local accountability.

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A Swappie shop in a shopping centre in Helsinki on 23 January 2023. The Finnish retailer of refurbished smartphones announced yesterday it is considering moving its production outside Finland, to for example Estonia or Germany. The plan could lead to the termination of up to 290 employees in Helsinki, Finland. (Antti Aimo-Koivisto – Lehtikuva)

SWAPPIE, a Finnish retailer of refurbished smartphones, has initiated consultative negotiations with staff representatives at its refurbishment centre in Kalasatama, Helsinki.

Sami Marttinen, the CEO of Swappie, on Monday stated in the company blog that the consultative negotiations, an attempt to improve efficiency and achieve undisclosed cost savings, could lead to changes in the employment relationship of up to 290 employees.

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A stock image of a person playing a mobile game. The Finnish game industry has proven attractive to Playtika. Having made two recent acquisitions in Finland, the Israeli game studio announced last week it has submitted a non-binding offer for Rovio, the Finnish creator of Angry Birds. (Rodnae Productions – Pexels)

ISRAEL’S PLAYTIKA on Thursday announced it has made a non-binding offer to acquire Rovio Entertainment, the Finnish creator of Angry Birds.

Playtika revealed that it is offering 9.05 euros per share in the game and entertainment studio, a 60-per-cent premium on the closing share price on Thursday. Rovio on Friday morning confirmed that its board of directors has received and is evaluating the tentative offer.

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According to Finnish Customs' export statistics, our food exports have increased by approximately 20% between January and October 2022 when compared to the corresponding period the previous year. For the first time in its history, Finland's food exports will reach EUR 2,1 billion in 2022. "The growth seen in exports will increase the resilience of the food sector to crises," says Esa Wrang from Business Finland.

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VR procures nine sleeper coaches and eight car-carrier coaches from Škoda Transtech Oy. The new rolling stock will be in use by the end of 2025. The value of the procurement is approximately EUR 50 million.

The new rolling stock will meet the growing demand for night train travel as well as passenger expectations. VR’s aim is to make night train travel even more popular.

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Riku Aalto, the chairperson of the Industrial Union, reacted at a joint press conference with representatives of Service Union United (PAM) and Finnish Transport Workers’ Union (AKT) in Helsinki on 9 January 2023. Aalto on Monday said significant pay rises are required in the chemical and technology industries to make sure workers can cope with the cost of living crisis. (Heikki Saukkomaa – Lehtikuva)

THE INDUSTRIAL UNION, Trade Union Pro and Federation of Professional and Managerial Staff (YTN) have issued strike warnings after breaking off collective bargaining negotiations in the chemical and technology industries.

The Industrial Union on Tuesday stated that its strike would take place at 50 workplaces, with a combined headcount of 7,200, in the key export industries on 1–3 February.

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A worker in the assembly plant of Valmet Automotive in Uusikaupunki, Southern Finland, in November 2021. The Finnish contract automotive maker said this week it will adjust to a decline in production volumes by reducing up to 630 assembly-line jobs. (Roni Lehti – Str / Lehtikuva)

VALMET AUTOMOTIVE on Tuesday announced it intends to launch consultative negotiations to adapt in terms of both finances and production to a decline in production volumes.

The Finnish contract automotive manufacturer stated in a press release that the adjustments would affect no more than 630 employees at its assembly plant in Uusikaupunki, Southern Finland. The adjustments are to be carried out as both temporary and permanent lay-offs as well as changes in job descriptions.

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The airport company Finavia has published its new responsibility programme. The main objective of the "Towards sustainable air travel" programme is to reduce the carbon emissions of airports to net zero by the end of 2025.

"Finavia's operations at all its airports have been carbon neutral since 2019.

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Fazer’s organic oat drink in a supermarket in Espoo in November 2020. The Finnish food giant said this week it is considering focusing exclusively on oat-based products at its production facility in Kouvola, Kymenlaakso. (Heikki Saukkomaa – Lehtikuva)

FAZER on Tuesday announced it will launch consultative negotiations concerning a total of 226 employees at its production facility in Kouvola, Kymenlaakso.

The Finnish food giant estimated that the negotiations could result in the termination of up to 95 full-time positions as it seeks to shift the focus of the plant away from dairy processing exclusively to oat-based products.

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A fence surrounding an industrial area in Inkoo, Southern Finland, on 3 January 2023. Norway’s Blastr Green Steel on Tuesday announced it intends to build a green steel and integrated hydrogen production facility in the 5,350-resident municipality situated about 55 kilometres west of Helsinki. (Jussi Nukari – Lehtikuva)

EXPERTS have delivered a smack of realism to the buzz surrounding a four-billion-euro green steel plant to be built in Inkoo, Southern Finland, by Norway’s Blastr Green Steel.

Mika Leskinen, the head of investment at S Bank, on Tuesday estimated in a tweet that the probability of the project being completed is roughly 10 per cent given the difficulty of obtaining financing in the prevalent economic climate, for example.

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