Nokia has made its final phone in Finland

In June, Nokia announced its latest in a series of job cuts. A total of 10,000 team members are scheduled to lose their positions at the company by the end of 2013. Some of those workers are located in Nokia's native country of Finland.

This week, Nokia's Salo phone factory in Finland shipped out its last device. The local news website YLE.fi reports that the phone was shipped on Wednesday (the model name was not revealed). On Friday, Nokia confirmed that it will close its Salo plant in September.

It's the end of an era for the company that was once the largest maker of mobile phones in the world. 780 people worked at the plant and they will be among 3,700 Finland-based Nokia employees who will have to find new jobs.

Even if Nokia managed to keep itself afloat via the launch of new smartphones based on Windows Phone 8, it's unlikely that it will return to making those devices in Finland again. Factories based in China and other Asian territories have made the creation of smartphones and other high tech devices quicker and cheaper for the most part than factories based in Europe and the US.

Source: YLE.fi

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22 Comments

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Athlonite said,
the sooner we do away with money the better of the world will be

YES! It's about time we return to the days of a trade based market... /sarcasm

people should realise that labor in china or in any other "cheap" country is getting more expensive and will reach the same level as in first world countires. things like this make it happen only faster.

2III7 said,
people should realise that labor in china or in any other "cheap" country is getting more expensive and will reach the same level as in first world countires. things like this make it happen only faster.

I don't think that will ever happen... They built their economies by understanding what globalization means and that they need to undercut the competition. Thankfully for them no one else in the world understood this then or now... Lol

Globalization is the reason I have a good job, and there are many others who could say the same thing!

I bet there's more that can say the opposite.

NinjaGinger said,
Globalization is the reason I have a good job, and there are many others who could say the same thing!

I bet there's more that can say the opposite.

they made themself overpriced and to expensive.
we all did it ourselfs. demanding more pay, year after year. demanding all sorts of benefits and what not. i personally dont say its a bad thing, offcourse not. but the logical result is that compared to other markets, we have pushed ourselfs out of the price chart, if it takes 100-150 euro for a day of work for 'us' when it takes not even 10euros for a south american, chinese or african kid to do the same work.
For our companies to have a slight chance globally. they have to do 'globalize'. Nokia cannot beat Samsung if Samsung can use south-eastern labor where its 5 bucks a day, when nokia has to pay its employees 200euros a day for the same work.
dont cry to the companies or those who have good jobs thanks to g lobalization, thank your own, and the last few generations.

People warned for this in the 60s, 70s and 80s all over that we would be making ourselfs to expensive.
we earned more money, things got more expensive, our expendures are higher to, its still the same crap like 50 years ago, except now we're "expensive".

Sad to see a company I was literally addicted to their products growing up go like this. Hope they manage to return somehow.

Truly sad to hear. I remember when I bought my first large monitor; an Nokia 20" CRT (sometime in the late nineties). Here's hoping that the folks loosing their jobs will have little problem finding something new.

Globalisation is nothing more than a race to the bottom, by Multinational companies who care about nothing except quarterly profits. Doesn't matter if they gut the company in the process, and destroy its long term viability, as long as they make as much profit this quarter that they can, and the execs and CEO's get a huge bonus, before departing on a golden parachute.

dvb2000 said,
Globalisation is nothing more than a race to the bottom, by Multinational companies who care about nothing except quarterly profits. Doesn't matter if they gut the company in the process, and destroy its long term viability, as long as they make as much profit this quarter that they can, and the execs and CEO's get a huge bonus, before departing on a golden parachute.

Globalization is the reason I have a good job, and there are many others who could say the same thing!

dvb2000 said,
Globalisation is nothing more than a race to the bottom, by Multinational companies who care about nothing except quarterly profits. Doesn't matter if they gut the company in the process, and destroy its long term viability, as long as they make as much profit this quarter that they can, and the execs and CEO's get a huge bonus, before departing on a golden parachute.

Always great to read posts from those illiterate of economics.

dvb2000 said,
Globalisation is nothing more than a race to the bottom, by Multinational companies who care about nothing except quarterly profits. Doesn't matter if they gut the company in the process, and destroy its long term viability, as long as they make as much profit this quarter that they can, and the execs and CEO's get a huge bonus, before departing on a golden parachute.

Wow. You my friend do not understand what's going on at all. It's all about survival. These companies need to compete globally in order to survive. If they don't, ALL of the jobs they currently support all over the world (including whatever country is the center of YOUR universe) they will disappear...

AWilliams87 said,

Always great to read posts from those illiterate of economics.

Agreed. It's a shame though that that appears to be the majority anymore...

M_Lyons10 said,

Agreed. It's a shame though that that appears to be the majority anymore...

Always great to read posts from those illiterate of the use of "anymore".

Iridium said,
This is really terrible. People want to know why the worlds economies are not functioning properly.

it has to happen.. you cant compete when your competition can get things cheaper then you can.. its like if everyone but you gets help from the parents on a highschool project.. you need to even the odds.

Iridium said,
This is really terrible. People want to know why the worlds economies are not functioning properly.

If anything, this shows proper functioning of the "worlds economies", not the opposite.

AWilliams87 said,

If anything, this shows proper functioning of the "worlds economies", not the opposite.

Agreed. If countries want these jobs there, it's not that hard to get them... Just stop blaming companies for all your problems or looking at them as cash cows... I'm looking at you USA...

M_Lyons10 said,

Agreed. If countries want these jobs there, it's not that hard to get them... Just stop blaming companies for all your problems or looking at them as cash cows... I'm looking at you USA...

You may want to look at this site to compare corporate tax rates with various countries. US is about 33%, however China is 25% (but has cheap labor costs), Germany has 29.48%, Japan's at 30%

http://www.kpmg.com/global/en/...porate-tax-rates-table.aspx

However the average corporate tax actually paid in the use is about 18%, and several companies, despite making large profits, will sometimes pay 0%.
http://www.huffingtonpost.com/...s-pay-no-tax_n_1196875.html

Your statement isn't as simple as you want to make it out to be.