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Business news is pretty gloomy at the moment with various major Finnish companies losing money and announcing widespread job cuts in what, for many people, won't be a very happy new year.
The moves in these nationwide companies - which may, in some cases, also relate to Oulu employees - seemed to released to the media almost every day.
The company SOK (as in S-Market and any shop which uses the green 'S-Card' loyalty cards) has announced this morning that it will be firing 1200 workers. It will lay of the entire work force at one of its productions sites.
The mobile phone and internet provider DNA announced today that it will fire roughly ten percent of its workforce: 100 out of 980 workers will soon lose their jobs.
On Wednesday the electrical equipment producer Ensto began talks with the aim of cutting 700 jobs, Moventas (which makes gear boxes) announced it would cull 120 jobs, Salcom (mobile phone chargers) said it would cut about 50 jobs and try to bulster its operations in cheaper countries sich as India and Brazil, Orion (medical drugs) announced it would sack 200 people, Ahlström (which makes fibres) announced it might fire 300 people.
On the same day as all this, a civil servant from the finance ministry explained to a business newspaper that the state was unlikely to guarantee the mortgages of people put out of work in this recession. The aid package had been proposed by Jan Vaapavuori of Kokoomus.
On a positive note the civil servant was convinced that by the time the deadlock over this policy was solved, the economy would begin to show signs of recovery.
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