If you have been LOYAL to Nokia for the past 15+ years, even without a salary increase for several years, and have stayed with the company because you enjoy the work and want to see Nokia be successful, than Nokia should also be LOYAL to it's employees as well, by keeping the experienced employees employed since telecommunication network product(s) knowledge can't be gained within a few years, but takes years, if not decades to master it (if that's even possible). Once that experienced person is laid off (replaced by a much less knowledgeable person), it will be difficult for the company to make quality products to deliver to it's customers. It may be able to meet the deadline to deliver the product to the customer, but the quality of the product will suffer due to the lack of experienced knowledge. Hence, loss in Billions of dollars in revenue as we have seen in the past with loss of AT&T and Verizon. Will Nokia continue to make the same mistakes by putting quality last (by laying off the older experienced employees)?
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There is no loyalty. We are "at will" employees. You are your own CEO and if you expect your company to be loyal to you, you are deluding yourself? Do what is neeed to benefit you, and if you were hired to work 40 hours a week, dont do 60 and dilute your hourly rate.