One of Finland's largest banks, Osuuspankki (OP), has announced the beginning of redundancy talks with staff representatives.
In a press release, the company said the restructuring could lead to about 110 people losing their jobs, but some 1,390 employees will be involved in the talks. The bank further noted that redundancies will be kept to a minimum as it seeks to redeploy staff in other departments.
OP currently employs about 13,000 people in total.
In an email to Yle, OP's press officer Josi Tikkanen explained that the job cuts are necessary as part of the company's long-term structural development plans.
The negotiations began on 1 August and will last for approximately six weeks.
The business daily Kauppalehti was the first to report the beginning of redundancy talks at OP.
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