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Samsung to set up research hub in Finland

Finland is a prime location for IT experts recruited from abroad by companies looking to beef up their in-house expertise with talent from far-flung locations such as India. The influx of highly-skilled workers looks set to grow as electronics giant Samsung opens a research centre in Finland.

Samsungin pääkonttori Seoulissa.
Samsung is looking to set up in Nokia's home turf in Finland. Image: Yonhap / EPA

The Korean company has so far been tight-lipped about the research centre, which is due to open early next month. Earlier this month Samsung announced a million-euro partnership with the VTT Technical Research Centre of Finland to work on new technology to improve energy efficiency.

Meanwhile the tech daily Digitoday reported Tuesday that Samsung has already outstripped the Finnish mobile phone maker Nokia on home ground in terms of smartphone market share.

According to Digitoday the technology research firm IDC gave Samsung a 36-percent market share in Finland during the first three months of the year, compared to Nokia’s 33 percent.

On a global scale Samsung had already overtaken Nokia to become the world’s largest phone maker last spring.

According to the daily, Samsung’s rise to prominence over the past few years has been as swift as Nokia’s fall from grace in the global mobile phone market.

As recently as early 2010 Nokia dominated the Finnish market with a 65 percent market share, while Samsung was the underdog with a market share of just 12 percent.

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Opposition, labour unions slam govt’s job creation efforts in May Day speeches

Vapputapahtuma Kansalaistorilla.

Opposition parties and labour unions lined up to take down the government’s attempt to create jobs during traditional May Day speeches Sunday. Opposition SDP chair Antti Rinne said the party had an alternative plan to create tens of thousands of jobs this year, while outgoing Left Alliance leader Paavo Arhinmäki accused the administration of a neo-liberal agenda of which Margaret Thatcher and Ronald Reagan would be proud. Trade union confederation chair Lauri Lyly said government’s focus had been on tightening conditions for receiving unemployment benefits.

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