Nordic Business Report-April 19, 2006-OP Bank Group to cut 20 jobs
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Finnish cooperative financial group OP Bank Group said on Wednesday (19 April) that it had concluded personnel negotiations in its life insurance, mutual fund and asset management companies.
The negotiations were related to the reorganisation of overlapping functions of the OP Bank Group Central Cooperative, OKO Bank and Pohjola.
As a result of the negotiations a total of 20 permanent employment relationships would be terminated, of which the share of the asset management company belonging to the OKO Bank Group is 11.
The negotiations also concerned 30 people working in Pohjola Non-life Insurance Company and Pohjola Asset Management specialising in sales of investment products and the personnel of asset management telephone sales.
These negotiations did not lead to any redundancies.
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