trending Market Intelligence /marketintelligence/en/news-insights/trending/bNCztoc9PRIQwHWykg3KSA2 content esgSubNav
In This List

OP Financial to reduce headcount at two divisions

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


OP Financial to reduce headcount at two divisions

Finland-based OP Financial Group is cutting jobs at its corporate banking and insurance customers businesses after completing negotiations on organizational structures.

The negotiations, which began Aug. 26, involved some 3,000 people and resulted in the group resolving to cut 300 positions and create 185 new ones.

The changes are effective Jan.1, 2020.

OP Financial also began negotiations on employee process at the support functions of its central cooperative, with the process expected to continue for at least six weeks unless the concerned parties agree to cut it short.