News |

Tuesday's papers: Tech salaries, pet parents and overtourism

Nokia rises to the top of a Finnish tech salary ranking, pets become family members and Finland faces tourism pressures.

Koiran tassut ja lattialla vatsallaan makaava vauva
Having it all. Image: Toni Pitkänen / Yle

In its heyday mobile phone maker Nokia was never known for high salaries, but it nearly tops a ranking of tech firm wages by business magazine Talouselämä’s parent company. Today the telecoms company has some of the highest-paid employees in the sector, averaging 6,000 euros per month.

Annual median salaries were some 51,000 euros among the roughly 50 biggest tech companies included in the study.

TE found that firms at the top of the list typically had no or very little domestic production and mostly employed engineers.

Companies relying on more hands-on labour paid out the lowest salaries, averaging 44,000 euros annually.

Pets over kids

Amid falling birth rates, the pet industry is cashing in on a trend of pets gradually replacing children.

With pets becoming more like family members, business daily Kauppalehti suggests that Nordic pet food retailer Musti Group's valuation could reach 250-300 million euros. On Monday Musti Group announced it was planning an initial public offering on the Helsinki Stock Exchange.

Statistics Finland has calculated that based on the current trend, Finland’s population will start decreasing in 2031. By 2050, the population would be some 100,000 lower than it is today.

Finland, a country of 5.5 million, is home to some 700,000 dogs, according to Statistics Finland.

At the end of September last year, Musti Group had 277 pet supply shops across Finland, Sweden and Norway, according to the company.

Ballooning tourism

With global tourism increasing by five percent a year, a group of Finnish scientists is encouraging Finland to curb tourism. The Blue Adapt research collective said it wants to limit tourism so it won't damage locals' everyday lives.

Kari Hyytiäinen of Helsinki University told Swedish-language daily HBL that Helsinki must take steps to ensure it does not become overrun by visitors such as Barcelona, London or Paris.

"It may be worthwhile developing services that limit the volume and type of visitors coming here," Hyytiäinen said.

Looking ahead to the year 2100, the group envisions everything from virtual tourism to only allowing entry for fossil-fuel free aircraft or ships.

Latest in: News


Our picks