Effects on society

The salaries and taxes that we pay support the structures of society and improve the quality of life for thousands of people.

Job creator, taxpayer and safety expert

We directly employ over 4,300 people around the world, and our tyre factories are significant employers. When we also consider all of our subcontractors, our role as a job creator is even more significant. Our subcontractors employ construction workers, consultants and technical specialists, cleaning, security, restaurant and transportation workers as well as professionals in well-being services. The salaries and taxes that we pay support the structures of society and improve the quality of life for thousands of people.

The uncertainties of the global economy also affect our operations and cause indirect negative economic impacts on society. Our layoffs in Nokia in autumn 2015 will reduce the municipal tax income. The uncertain situation in Russia has postponed our investments in the Vsevolozhsk factory, which affects the cash flow to equipment suppliers and subcontractors. The weakened economy may also affect road safety if consumers are not able to afford premium tyres.

As a leading manufacturer of winter tyres, we have a special responsibility for making winter traffic better and safer. Nokian Tyres is also a member of various communities and organisations that participate in the development of the legislation and political decision-making. Read more under Influencing as an expert!

Nokian Tyres and the cash flow between interest groups

A good financial result has extensive effects on the interest groups of the company. The diagram below shows Nokian Tyres’ economic footprint in terms of its interest groups.

 

 

This page is included in KPMG’s assurance scope. Assurance report can be found here.