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Friday's papers: Tyre scandal fall-out and fist bump fury

Friday's papers include coverage of the continuing Nokian Tyres scandal, and a little bit of anger over unorthodox ministerial greetings.

Daily newspapers.
Image: E.D.Hawkins / Yle

Friday's papers contain plenty of follow-up to the shock news that Nokian Tyres was in the business of manipulating test results by sending media organisations and others modified tyres. Ordinary retail tyres would have performed less well than the special 'test standard' tyres, and so the company managed to boost its reputation in a misleading way.

Iltalehti has news of exactly how they did it. The paper found one former Nokian Tyres employee willing to talk about the practice, and his comments were not exactly reassuring.

The test tyres, for instance, contained no recycled material on the orders of senior management. A normal retail product would contain on average 7 percent recycled material, but an individual tyre could have as much as 30 percent. That makes a big difference, according to professor Jyrki Vuorinen of Tampere Technical University.

"If recycled material is on the surface, it could directly affect braking distance," said Vuorinen.

This kind of behaviour was, according to IL's source, 'standard practice'.

Stock sales raise suspicions

Helsingin Sanomat, meanwhile, has news that leading figures at the company had sold some 600,000 euros of stock options last autumn before the scandal broke. The firm's share price dropped seven percent after the scandal broke, and the value of stock options fell a heft 44 percent on the news.

That raises questions about what the nine leading figures at the firm knew about the coming storm when they sold their stock. CEO Ari Lehtoranta announced last week that the decision to launch an internal investigation was made on 29 October, and communicated to three people: internal auditor Pasi Anias, communications director Antti-Jussi Tähtinen, and Process Development manager Teppo Huovila.

The next day, according to the HS investigation, Anias sold 15,200 euros worth of stock options.

"We didn't think at that time that a sales ban was necessary," Lehtoranta commented to HS when asked about the Anias sale. "The amount is quite small."

Other leading figures who sold many more options than Anias late in 2015 were also defended by Lehtoranta on the basis that the price was good and they had not received any income from their stock options for years.

Fist bump fury

You may have missed it, but after the ministerial press conference to announce the government's stance on a new labour accord on Wednesday, the three politicians on the stage fist-bumped each other in congratulation as they walked off the stage. Given that they had just announced pay cuts for most of the country, it did not look that good and people likely to be annoyed were indeed quite annoyed.

Ilta-Sanomat carries comment from SDP MP Merja Mäkisalo-Ropponen, who claimed to have received some feedback on the issue.

"I got a message from a municipal employee that it's really sad that the gentlemen of the government are happy and fist-bumping each other as they announce austerity for low-paid workers and lengthened working hours," said Mäkisalo-Ropponen.

The real social media anger took place yesterday, so it is possible that the SDP MP is only just catching up with the online world.