OP Financial Group has wrapped up negotiations with its staff and announced that it will make a maximum of 278 employees redundant. The provider of financial services has cited drastic changes in the financial sector and, in particular, digitisation as reasons for its most recent round of belt-tightening measures. The consultative negotiations were initiated in mid-February and concerned a total of 4,300 people employed by the central cooperative of the group.
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OP cuts nearly 280 jobs
In February, employees of OP Financial Group expressed their disapproval with what they argued was a surprisingly high redundancy target.