There is this from Wikipedia: "In the 1980s under the chief executive officer (CEO) Kari Kairamo, Nokia expanded, mostly through acquisitions. In the late 1980

There is this from Wikipedia: "In the 1980s under the chief executive officer (CEO) Kari Kairamo, Nokia expanded, mostly through acquisitions. In the late 1980s and early 1990s, however, Nokia corporation experienced financial difficulties. Losses were made in the television manufacturing division. In 1988, Nokian Tyres became a separate entity. Nokia's paper division was sold in 1989. In 1990, Nokian Footwear was a separate entity. During the rest of the 1990s, Nokia divested itself of all other businesses. In 1988, Kairamo committed suicide. Following his death, Simo Vuorilehto became Nokia's chairman and CEO. From 1990 to 1993, Finland was in recession. Vuorilehto made major changes to the Nokia corporation. The telecommunications division was stream-lined. The television and personal computing divisions were sold." So they were laying off a lot of people, and Timo had worked there for 6 years at that point. What really happened may be unknown, but given the time period it appears that a large amount of corporate restructuring was going on ...