Nokia may sell its headquarters in Espoo, Finland

Nokia may sell its headquarters in Espoo, Finland
In an effort to meet cost targets over the next 12 months, Finnish newspaper Helsingin Sanomat is reporting that Nokia plans to sell its headquarters.

Selling the building does not mean the company would leave Finland. In fact, Nokia has stated in the past that moving the company abroad was not a consideration. It is also entirely possible, and likely, that Nokia could remain an anchor tenant in the complex after such a sale. Many corporations do not outright own many of the facilities where they have major operations, even headquarters buildings in some cases.

What is telling however is the effort that Nokia is making to pare down costs at every corner. Next to employees, physical infrastructure is typically a company’s next biggest expense. The sale of the building may bring in around €250-million ($322-million). Such an infusion of cash would certainly help the struggling company. The timing of such a deal does coincide with Nokia’s plan to lay off 10,000 employees by the end of 2013 as well as shutter other facilities in Germany, Canada, and at home in Finland.

sources: HS.fi via wpcentral

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35 Comments

1. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

That's what they get for jumping aboard that sinking ship; shoulda' gone with Android.

4. No_Nonsense unregistered

Or a multiple OS strategy. I feel: Jolla, RIM and Nokia should collaborate and stab MS in the back.

6. eisenbricher

Posts: 973; Member since: Aug 09, 2012

That would be the awesomest thing that can happen. But backstabbing the renowed backstabber is really difficult. I mean, they (MSFT) have got their own turf (OS) to thrive on.

7. No_Nonsense unregistered

The premier partner moves out people won't remember the OS exactly. People remember Lumia=WP rather than Wp=Lumia. MS has no one but itself to blame itself for the WP debacle.

26. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

lol ..... I used to love Windows Mobile; I would proudly sit on a train watching videos or surfing the web (above ground) and emailing on my Thera 2032 and later on my XV6600 while others subway riders just twittled their thumbs; all before the 2007 iRelease. Instead of evolving, Windows Mobile (Professional or whatever they want to call themselves now) just devolved into a worm hole of sorts.

28. No_Nonsense unregistered

With the restrictions that WP7/7.5 had, no wonder it failed to take off. Hoping WP8 doesn't have all of this otherwise Nokia will lose a potential Lumia 920 buyer.

24. mercorp

Posts: 1045; Member since: Jan 28, 2012

Partially right. But,the 920 rocks even without google.

2. eisenbricher

Posts: 973; Member since: Aug 09, 2012

Don't die Nokia.. I'll let you have my piggybank :)

22. Mittal

Posts: 494; Member since: Dec 14, 2011

Nokia does seem to have a decent enough shot at surviving and flourishing well. They have the R&D But Nokia should have waited for WP8 to gain good traction before pricing their fones so high!! Thinking very objectively, the 920 may deserve to come close to that pricetag of over $850 for it's features (though i dont think so), BUT 1st at least lure in enough buyers to the platform!! I as a consumer would have been tempted to try 920 if it was priced similar to S3, but now since the difference is quite steep, ill think of the 8X or S3

3. No_Nonsense unregistered

This is what happens when you pair with a devil corp aka Microsoft and put all your eggs in one basket. Nokia as a company deserves my money, I like the WP OS but Microsoft can go to hell.

5. kaliil10

Posts: 146; Member since: May 16, 2012

hey guys death of Nokia its the death of the world.

8. darktranquillity

Posts: 285; Member since: Feb 28, 2012

I don think any of the android phone manufacturers faces bankruptcy.

9. No_Nonsense unregistered

Not all of them are in the green either.

16. checkmymike

Posts: 216; Member since: Dec 28, 2011

are you nuts? samsung, htc and lg not in green?

18. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

lg sony aren't in the green

23. Mittal

Posts: 494; Member since: Dec 14, 2011

Sony might still be staying afloat, but LG needs a winner to boost its confidence and image. LG, for God's sake, start supporting at least the top fones and show that u care!!

10. wendygarett unregistered

Choose Windows phone... Good ideas... Kill symbian and meego... Bad idea... Solution... Kick Stephen elop :)

13. eisenbricher

Posts: 973; Member since: Aug 09, 2012

I don't think Elop's decision was that wrong.. firstly that wasn't alone his decision. Even shareholders and seniors were involved in this decision. Just that it was decision made, aiming for long term profitability. Nokia shut down symbian, meltemi and meego. Why? to concentrate on the Ecosystem. They knew that any platform's importance is decided by the Ecosystem. And you see the result now, with the awesome apps like improved maps, city lens, camera algorithms and much more. Now there must be some kind of hurdle in Symbian which might have prevented them to develop all of these for it. I've heard that Symbian isn't that friendly for devs.

19. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

alot of shareholders tried to get rid of him for that decision

21. TROLL

Posts: 4851; Member since: Apr 13, 2012

Since he took over Nokia, he has been taking Nokia so low that they have to sell there head-quarter, how sick and low is that, all cause of Eflop. Nokia was never in this state ever. Shareholders and public reunions should kick him and the boadmembers out.

11. JoeBelfiore

Posts: 79; Member since: Sep 03, 2012

I love Elop, Elop rules, Elop is the best, Elop pwns Samdog,

12. No_Nonsense unregistered

What's Samsung got to do with this article?

30. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

he's doing what ifans and fandroids do, just another fanboy (nokia fanboy i think) idiot that makes all look bad

14. giri555

Posts: 111; Member since: Mar 15, 2012

Dear Nokia, Please don't jump into the overcrowded Android Bandwagon. Windows Phone 8 is awesomely different. Give consumers another option apart from iOS and Android. Cheers, Girish

31. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

couldnt agree more, android isnt a instant solution that most seem to think it is. wp8 shaping up to be great

15. rusticguy

Posts: 2828; Member since: Aug 11, 2012

That's what Elop was meant to ensure ... i am back ... maybe to be banned again by mods who knows.

17. Veigald

Posts: 290; Member since: Jan 13, 2012

Nothing to blow out of proportions, imo. It's very common for companies to rent office space, even HQ, seeing that their core business is not property management. There is even a saying that when a company buys a building for their HQ, that's a bad sign... What will be more interesting is seeing their earnings release in a couple of weeks.

20. dasqwer

Posts: 5; Member since: Sep 13, 2012

Save Nokia ! campaign it, blog it, tweet it, and lets hope many actually put in some effort in a way or another to get Nokia out of this "never imagined" situation. I m sure there are many out there who would like to see Nokia come out of this situation. Developers may want to start making apps for free or nominal cost for Nokia symbian or WP, or atleast suggest some good ones. Put up ideas that you think will work. I dont wanna c Nokia losing out. Hardware and design king going down coz of software dominance is like the Alexander of mobile world falling apart. Nokia has a whole lot of designs from the past that glammed like no other. Lets vote for possible new designs and the best of old design Nokia phones and hope it works for them. MS seems to be assisting Nokia with whatever help they can that probably is the reason why the shook hands in the first place. Someone suggested BB + WP + Nokia should happen and that seems viable if the bosses consider that as an option. Lets cheer up Nokia.

25. TechPsycho

Posts: 32; Member since: Sep 05, 2011

Too bad for Nokia to have put hope in a half assed OS as WindowsPhone is, look at them gambling their last chips for survival. They need to listen to the crowd if they do not want end in bankruptcy, kick out Elop and board members and launch top notch android phones!!

32. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

first half assed OS....wrong wp8 is looking to be a top notch OS that will compete second and hope the last time i have to say this android aint an instant solution, its crowded , sure samsung are doing well but look at LG and sony.....following the crowd aint the right decision i want choice not just either android or iOS nokia's lumia 820 and 920 look excellent phones

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