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  ISSUE 24/2008 20 November, 2008  

Dear !*TITLE*! !*LASTNAME*!,

When you read the news from Finland, e.g. here (NewsRoom Finland), you start to get a view of the effect the economic downturn has already had on the labor market there.
Below are selected new for the last week from the above source:

  • Nokian Tyres to lay off workers at Finnish factory 19.11.2008
  • Orion to cut up to 300 R&D jobs 19.11.2008
  • Rocla to lay off up to 430 workers in Finland 18.11.2008
  • Raute to lay off Finnish workforce of 400 people 18.11.2008
  • Finland's Nanso to cut up to 70 jobs 18.11.2008
  • Finland's YIT says to cut up to 350 jobs 17.11.2008
  • Finland's Hydroline to lay off 130 workers 17.11.2008
  • Nautor to cut jobs 17.11.2008
  • Walki to lay off 450 workers 14.11.2008
  • Ruukki to lay off 155 workers at Incap Furniture 14.11.2008
  • Teleste to launch cooperation procedure talks 14.11.2008
  • Ahlstrom to launch temporary layoff talks at Kauttua mill 14.11.2008

  • To put this into a Japanese perspective (size of labor market), multiply to figures by 20 and you get an indication on how it would feel in Japan. The above amount to about 2,800 lay offs, i.e. would be 56,000 in Japan. And as said, this just during one week and mainly at smaller and medium sized companies.

    But now to some more positive items.

    Report from luncheon meeting with Tyler McGee, President, Nokia Japan

    At the FCCJ luncheon meeting held on Tuesday 18 November we had, after a long time, Nokia as our theme with Mr. Tyler McGee, President, Nokia Japan Co., Ltd. as our speaker. He talked about Nokia globally and in Japan, current developments and future focus areas

    Mr. McGee gave some stunning data about the size and impact of Nokia, as a company and as a brand. They currently hold about 38 % of the global mobile phone market, 900 million people use Nokia handset and the Nokia was rated the world's 5th most valuable brand in 2007.

    The future strategies of Nokia is very much about mobility and internet, they talk about the 4th screen, movie being the first, TV the second and PC the third. The new mobile devices will have all of these, but with mobility.

    For more about the event, attended by 36 members and guests, please click link below
    Last reminder: Friday 28 November
    The 16th Scandinavian Christmas Party

    The social highlight of the year of the Nordic Chambers in Japan, the Scandinavian Christmas Party, is this year held on Friday, 28 November, at the same venue as last year, The Westin Tokyo.

    The registrations for the party has been open for a bit more than a week and we have currently 80 registrations from FCCJ, so there's still space as our target is 90.
    Please click here if you want to sign-up. Note that the registration dead-line is tomorrow Friday!

    We need more sponsors for the party. Currently we have only four Finnish sponsors, Finnair, Nokia, Vaisala and EB (Elektrobit) whereas the Swedish Chamber has 15!
    So please consider!
    Fri. 12 December - Christmas Luncheon Meeting

    Note: Due to space limitations, this event is for members and staff of member companies only.

    The last FCCJ event of this year, the traditional Christmas Luncheon is again this year held at our Embassy, were we can enjoy a delicious Finnish style Christmas lunch prepared by the Embassy's chef.

    H.E. Ambassador Jorma Julin will give us an update on current developments in the Japan Finland relations and latest news from the Embassy.

    Here are the details:

    Date & Time:Friday, 12 December, 12:00-14:00
    Place: Embassy of Finland
    (3-5-39, Minami-Azabu, Minato-ku, Tokyo)  MAP 
    Cost:7,000 yen (collected at the door)
    Note: Members and members guests only
    Registration:by Tuesday, 9 December


    Please note that we will collect the luncheon fee of 7,000 yen at the Embassy and provide you with receipt. Note also that we have to invoice the lunch fee for cancellations later than 10 December and "no-shows".
    Wednesday, 26 November - The EBC Year 2008 White Paper Launch
    Economic Integration - The New Reform Paradigm

    The year 2008 EBC Report on the Japanese Business Environment entitled, Economic Integration - The New Reform Paradigm, will be launched at a luncheon event on Wednesday, November 26.

    As the EBC White Paper is the EBC's hallmark publication and the launch is our premier event, we urge you to sign up. As this is the last year for EBC Chairman, Mr. Richard Collasse, to preside over the event, we are really hoping for a very large turnout of members to support our messages.

    H.E. Ambassador Hugh Richardson, EBC Chairman, Richard Collasse, and a panel of key EBC Committee Chairmen will speak at the event. The EBC will also invite the national European Ambassadors, and a large number of key Japanese Government personnel and the press to attend.

    Details:
    Date & Time:Wednesday, 26 November 2008, 12:00-14:00
    Venue: Hotel Okura, Akebono Room, Main Bldg. 1F [MAP]
    Cost: 10,000 yen (at the door)
    includes one copy of each of the English and Japanese reports
    Registration:by Friday, 21 November

    For more information and to register directly with the EBC, click link below.

    News from Finland

    Finnish government cuts forecasts and unveils stimulus

    The Finnish government on Tuesday cut its gross domestic product (GDP) growth forecasts and unveiled stimulus.

    The government added that the drop in economic growth together with its planned income tax cuts would translate into a budget deficit of about two billion euros next year.

    Jyrki Katainen (cons), the finance minister, said the government expected the economy to grow by 2.5 per cent this year and by 0.5 per cent in 2009, down from its previous forecasts of 2.8 and 1.8 per cent, respectively.

    The finance ministry cut its 2009 inflation forecast to two per cent from 2.8 per cent and added it expected the jobless rate to rise to seven per cent next year.

    Grin of the week

    Nokia enabled mobility...?

    A young married woman was discussing her sex life with a girlfriend.
    The girlfriend asked, "Do you talk to your husband when you're making love ?"

    She thought about it a minute then said, "Well, no. But I could. I mean he has a cell phone and all now."

    Best regards

    Clas G. Bystedt
    If you have any comments, rumors, gossip or inside information,
    send it to: fccj@gol.com


    ABOUT THIS BULLETIN

    This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 650 recipients among its members and related organizations.

    FCCJ was established in April 1999 to promote trade and economic exchange between Japan and Finland and has today 65 corporate members, 15 individual and one special member.