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     435  0 Kommentare Information and consultation of employees process in OP Central Cooperative Consolidated completed

    OP
    PRESS RELEASE
    30.3.2015

    Information and consultation of employees process in OP Central Cooperative Consolidated completed

    OP has completed the information and consultation of employees process initiated on 16 February 2015 and applying to the restructuring of the central cooperative consolidated personnel. As a result, a maximum of 278 jobs will be cut. The process covered some 4,300 employees.

    The process did not extend to OP Financial Group's member cooperative banks.

    These organisational changes constitute the next step in building the new OP owned by its customers. This is also a way of preparing for drastic changes in the financial sector operating environment, especially those caused by digitisation. The measures are being taken for production-related reasons.

    The entire OP Financial Group employed a staff of some 12,350 at the end of 2014, with OP Central Cooperative Consolidated, which is the Group's central cooperative, accounting for about 5,470.

    The process did not affect staff in Omasairaala, Baltic operations, OP Bank Group Pension Fund, OP Cooperative's HR function and Checkout Finland Ltd, Helsinki OP Bank's staff in branches for private customers excluding the supervisors and sales personnel, nor Helsingin OP-Kiinteistökeskus Oy staff excluding the supervisors.

    For more information, please contact: OP Communications, media contacts, tel. +358 (0)50 523 9904




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Pohjola Pankki Oyj via Globenewswire

    HUG#1907448


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    Information and consultation of employees process in OP Central Cooperative Consolidated completed OP PRESS RELEASE 30.3.2015 Information and consultation of employees process in OP Central Cooperative Consolidated completed OP has completed the information and consultation of employees process initiated on 16 February 2015 and applying to …

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