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Nokia headquarters not to move from Finland-Report
TT Correspondent |  |  19 Dec 2011

Nokia has put to rest all the speculations about the company’s plan to move its headquarters to the US. Presently it has its headquarters in Espoo, a suburb of the Finnish capital Helsinki.

A Reuters report quoted Nokia’s CEO Stephen Elop quoted as saying, "As long as I am the CEO the headquarters is in Espoo," Elop told national broadcaster YLE. "That's our home, our sense of belonging."

Canadian Elop was enticed in September 2010 from his post as president of Microsoft's Business Division to lead Nokia and halt its decline.

The company has since cut thousands of jobs in its homeland, raising fears it could also move its headquarters.

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19 Dec 2011(IST)  
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