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Nokia's Survival Still in Doubt

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Nokia's Survival Still in Doubt ISSUE 25 (256) • 21 JUNE –4 JULY 2012 • €3 • WWW.HELSINKITIMES.FI LEHTIKUVA / MARKKU RUOTTINEN JUHANNUS BREAK Nokia’s survival Helsinki Times is taking a short summer break and will be next appearing on Thursday 5 July. still in doubt SUMMER GUIDE Mobile giant’s job slashing tactics fail to impress investors, as markets react negatively. DAVID J. CORD In addition, Nokia announced HELSINKI TIMES the acquisition of the Swedish fi rm Scalado, which specialises in imag- NOKIA has announced it will slash ing technology. 10,000 jobs, lose some executives, “We must re-shape our operat- and have a worse second quar- ing model and ensure that we cre- Urban midsummer festivities ter than they predicted just two ate a structure that can support our Midsummer weekend in Finland months ago. The news caused its competitive ambitions,” CEO Ste- is traditionally spent at family share price to fall 18 per cent, a phen Elop said in a release. summer cottages, but the city credit agency to lower its debt rat- Nokia’s fi nancial situation has offers plenty of options for those ing to junk, and some analysts to deteriorated alarmingly rapidly. Its Nokia employees leave a personnel briefing in Oulu, after it emerged that the who stay in town. See our picks lower the value of Nokia as a going sales have fallen about 25 per cent troubled mobile phone manufacturer is to cut 3,700 jobs in Finland. for the best of urban juhannus. concern to zero. since 2007, and during that time pe- See page 12 The company said that it would riod it went from a 1.85 euros profi t Finland, including the mobile phone cash and intellectual property. This focus heavily on the new Lumia per share to a 0.31 euros loss. factory in Salo and research and de- would imply that the market is pric- smartphone and invest in location- The job cuts are severe, match- velopment operations in Oulu. ing the company only for its break- CULTURE based services. Most of the cuts in ing the downturn, and being the Investors were not cheered by up value. In fact, some analysts are personnel would come in the Devic- equivalent of about one out of every the cost-cutting measures. Nokia’s now doing exactly that, and esti- es & Services area, but it would also fi ve non-Nokia Siemens Networks market value plummeted to about mating that as an operating busi- 100 years of opera at “streamline” IT, corporate and sup- employees. Approximately 3,700 7.3 billion euros, which values the ness, Nokia’s worth is zero. Savonlinna port functions. of the jobs will be cut from staff in company little more than its net See more on page 8. The jubilee season of Savonlinna Opera Festival brings first-class Finnish and international perfor- mances with a mixture of new Mixed weather and traditional, including three Afghanistan crisis of the most legendary and pop- ular productions in the Savonlin- na Festival’s history. discussed in Helsinki See page 18 for midsummer TIMO SIPILÄ–STT Assistance Force (ISAF) will leave Af- ALEKSIS TORO–HT ghanistan by 2014. Minister for For- AMANDA SOILA main as low as 10-15 C degrees. HELSINKI TIMES EAT & DRINK eign Affairs Erkki Tuomioja (SDP), Forecast for Midsummer day, on FINLAND continues to command re- who hosted the event, said policies Saturday, is still uncertain through- spect as an active participant in in- were outlined that will be decided on MIDSUMMER will be spent with out the country – with at least the ternational crisis management. in Tokyo on July 8. “This will be the typical mixed weather conditions possibility of some rain. Many tributes were heard on Sunday next step in the building of the econ- this year, with the promise of both The cool and wet weather in the 17 June, when the representatives of omy and society of Afghanistan.” sunshine and rain, says the latest days before Midsummer have mini- 50 countries convened in Finlandia The almost 200 Finnish troops forecasts. Midsummer Eve this Fri- mised forest fi re warnings across the Hall to discuss the current situation will leave gradually to be replaced by day will be dry with temperatures country. That means the tradition- Spis: Food with real warmth in Afghanistan. experts in various fi elds. above 20 C degrees for much of the al Midsummer bonfi res, lit at around This Nordic fine-dining expe- The meeting of the International Tuomioja says Finland is mov- country. lakes and seashores across the coun- rience is everything you could Contact Group for Afghanistan (ICG) ing back towards more tradition- The sunniest conditions will be try, can go ahead. hope for and more, without the discussed necessary measures to be al United Nations functions in crisis found in the south and west, while This year’s Midsummer weather price tag that usually goes with taken as combat troops are leaving management. The focus will turn to Eastern Finland will likely see some is close to the seasonal average, but it. the country. civilian crisis management and de- rain. Those celebrating Midsummer according to the current prediction See page 19 The 130,000 troops of the NA- velopment co-operation. The next in the North should prepare for rain stays few degrees lower than on an TO-led International Security challenge lies in southern Lebanon. showers and temperatures may re- average year. VIEWPOINT 2 21 JUNE – 4 JULY 2012 HELSINKI TIMES Adrienne Clarkson came to Canada as a refugee. After a distinguished career in journalism, the arts, and public service, she became Canada’s 26th governor general - the first immigrant to receive this title. She is founder of the Institute for Canadian Citizenship (ICC), whose purpose is to help acculturate new Cana- dian citizens into mainstream Canadian life. without any realistic pros- the most ignorant villages to Canada is very much a pect of becoming citizens. get people who didn’t know country of people who’ve had Europe’s racism problem When I lived in France, left from right, who couldn’t to begin again. It was built by I had a Portuguese house- count or read in any language, people who were illiterate, keeper – a wonderful woman much less Dutch, so that they who were poor and whom no- who had been in France for 37 could use them as econom- body else wanted. These are Adrienne Clarkson, an immigrant to Canada who went on to become years. She had a card that said ic units and send them home the people Canada welcomed, the country’s head of state, discusses the integration issues immigrant she was a temporary work- when they didn’t want them and these are the people who communities are facing in Europe, and what Europeans might learn er. If she had done something anymore. have made Canada. We can like run her bicycle into a These people have now es- never forget that. from Canada. truck and caused an accident, tablished their lives in the But Canada should not be smug about its success. We’ve Canadians have constructed a society that had our share of shameful MARK NEWS societies and their immigrant that different kinds of peo- lapses on our way towards communities. Europeans’ ple in Canada necessari- accounts for differences. Here, the concept of valuing the “other” and act- EUROPEANS look at citizen- deep feelings of national su- ly agree with one another or citizenship is more post-modern and inclusive. ing as a society to meet their ship in terms of race and periority have bred hostility love or have an affi nity with needs. blood. Having fought each towards the perceived “out- one another. Neither does she could have been deported Netherlands. They have chil- I believe that the heart of other for so long over so lit- siders” living in their midst. it mean there aren’t serious within 24 hours. She had nev- dren, and their children have darkness is in every man and tle territory, an “us vs. them” Immigrants, some hav- challenges facing immigrant er voted. She effectively had become citizens. But they live also in every nation. We’ve mentality, accompanied by ing lived for generations in communities in my country. no civil voice. in a country that didn’t want seen through our world his- the feeling that their people France, Italy, the UK, Germa- Rather, it is that Canadian so- Canada has been success- them in the fi rst place. tory where nationalism can are superior to others, has ny, or elsewhere, are never ciety acts to meet the needs of ful in large part because im- The Canadian experience lead. been bred into their national truly considered to be, or ac- all people, including the “oth- migrants are brought to the is much different. I arrived Europeans must confront sensibilities. The immigrant cepted as, citizens. ers” that are not “us.” country with a clear track to in Canada in 1942, when I was the racism that is preventing integration issues plaguing Such feelings of superiori- Canadian society treats become citizens. That simply about two and a half years old their immigrant communities European societies today can ty are absent for a number of all as citizens. In many Euro- is not true for Europe. – young enough that I didn’t from becoming, or even feel- be understood in the con- reasons in a place like Canada. pean countries, the laws are When I was governor gen- remember any of the traumas ing like, citizens. It’s easy to text of this racism, pure and Canadians have constructed a designed in a way that makes eral, the Dutch Azmbassa- of war I had experienced.
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