OP-Pohjola Group's Information and Consultation of Employees Process Comes to an End
(Thomson Reuters ONE) -
Press release, 10 December 2012
OP-Pohjola Group's Information and Consultation of Employees Process Comes to an
End
As part of OP-Pohjola Group Central Cooperative Consolidated's reorganisation
programme, the procedures for information and consultation of employees, as
referred to in the Finnish Act on Co-operation within Undertaking, covering all
personnel groups have come to an end.
As a result, OP-Pohjola Group Central Cooperative Consolidated will cut 561
jobs. Of these, redundancies will total 247 and 314 employees will leave the
Central Cooperative through other arrangements. In addition, 150 jobs will be
outsourced.
When the process began on 24 September 2012, the estimated layoffs amounted to a
maximum of 700 and the estimated number of outsourced jobs was around 215. OP-
Pohjola Group Central Cooperative Consolidated had 6,568 employees at the end of
September.
The reorganisation programme is aimed at achieving annual cost savings of around
150 million euros by the end of 2015. Within the framework of the programme, the
production of services for OP-Pohjola Group Central Cooperative Consolidated and
OP-Pohjola Group member cooperative banks will be centralised in OP-Services Ltd
that is undergoing a major transformation. Job cuts will account for a third of
the total cost savings targets.
Teija Sarajärvi, Senior Vice President, HR Services, will comment on the
reorganisation programme in OP-Pohjola Nyt (OP-Pohjola Now) broadcast available
after 2 pm at: op.fi/uutishuone (in Finnish only).
For more information, please contact:
Teija Sarajärvi, Senior Vice President, HR Services, tel. +358 (0)10 252 1700
Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394
(Please contact the Newsroom for media contacts directly with any requests for
interviews, tel. +358 (0)50 523 9904 or viestinta(at)op.fi)
OP-Pohjola Group
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's mission
is to promote the sustainable prosperity, well-being and security of its owner-
members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of some 200 member cooperative
banks and the Group's central institution, OP-Pohjola Group Central Cooperative,
with its subsidiaries and closely-related companies, the largest of which is the
listed company Pohjola Bank plc.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1663659]
Unternehmensinformation / Kurzprofil:
Datum: 10.12.2012 - 13:01 Uhr
Sprache: Deutsch
News-ID 211146
Anzahl Zeichen: 3430
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"OP-Pohjola Group's Information and Consultation of Employees Process Comes to an End"
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