Finland

Top Fortum executives to step down amid bonus row

Top Fortum executives to step down amid bonus row Helsinki - The chief executive and the board chairman of the state-owned Finnish energy group Fortum on Thursday announced they would step down, amid a row over bonus payments.

Board chairman Peter Fagernas said he had informed the nomination committee that he would not stand for re-election at next week's annual general meeting.

Chief executive Mikael Lilius, meanwhile, said he would retire at the end of the year.

Finland to review driving licence system

Finland to review driving licence systemHelsinki  - Finland, home to several world champion rallies and Formula One racing drivers, is currently studying changes to its system for learner drivers.

A possible change could include adjusting some of the basic training according to gender.

Esko Keskinen, a traffic psychologist with the Finnish Vehicle Administration (AKE), indicated the needs in a recent interview with the Aamulehti newspaper, but said each beginner driver would need to discuss specific needs with their teacher.

"Searching for a blonde": Personal ad baffles readers and media

"Searching for a blonde": Personal ad baffles readers and mediaHelsinki  - Readers and Finnish media continued Wednesday to speculate over who placed a full-page personal ad in leading Finnish daily Helsingin Sanomat over the weekend.

The ad published Sunday was estimated to have cost 20,000 euros (26,000 dollars).

The most recent traces indicated that the ad was placed by a 42- year-old Russian man.

Finnish premier announces engagement

Finnish premier announces engagementHelsinki  - Finnish Prime Minister Matti Vanhanen has become engaged to Sirkka Mertala, the prime minister's office said Friday.

The couple have been dating for a year.

The statement was issued after tabloid Ilta-Sanomat in its Friday edition reported that the couple on Thursday bought engagement rings.

Vanhanen divorced his first wife in 2005, and has since been dated several women.

Finnair to lay-off staff in technical services to save costs

Finnair to lay-off staff in technical services to save costs Helsinki - Citing lower demand for air travel, Finnish flag carrier Finnair on Friday said it planned to lay-off staff in its on the technical services division to save costs.

The lay-offs were to last from two weeks to three months, the carrier said, adding it hoped to make savings of 7 million euros (9.4 million dollars) on the move.

The division has some 1,600 employees, and statutory consultative negotiations with unions have begun.

Nokia to shed 1,700 jobs worldwide

Nokia to shed 1,700 jobs worldwideHelsinki - Nokia, the world's largest maker of mobile phones, said Tuesday it planned to shed 1,700 jobs worldwide to "adapt to the market situation."

The moves were part of Nokia's plans to adjust sales, marketing and technology management. Negotiations with unions were to commence, the group said.

In January, Nokia reported a 19-per-cent drop in sales and a sharp drop in operating profit for the fourth quarter of 2008.

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