Nokia

Very good work-life balance.

Some smart and pleasant people around. A respected company to have on your CV.

No matter how skilled or talented you are, you're likely going to find limitations in progressing your career or really being listened to, unless you move to Finland or Munich.

Very vertical organization means line managers do their most to keep resources in their team, even when that resource would be more useful to the company elsewhere (and the employee has made a good case to show this). This often means your career can often take second place to your line manager's aspirations and plans. Line managers are mostly folk who have stuck around from when they joined Nokia or Siemens 15 years back.

Product management is very old-style. Far too many people are involved too early, creating a waterfall model (even though they think it's agile). It's very much still stuck in the hardware product management approach, which is not the approach to take to the software world. The result of this is you see thousands of Euros poured into products that have very little market feedback at all.

Stop being so vertical and completely revamp your approach to software.