Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

250 jobs
Number of planned job losses
Job loss
Announcement Date
29 October 2008
Employment effect (start)
Foreseen end date


The investment banking services company FIM starts personnel negotiations concerning the whole personnel of 250 employees in Finland.

These actions are to an effort to improve efficiency.

On 15 October 2008, the Financial Supervision Authority (FIN-FSA) abrogated the prohibition of execution imposed on Glitnir Bank Ltd on 6 October in respect of transfer of assets to the parent company Glitnir Corporation and to foreign undertakings belonging to the Glitnir Bank hf. group. The ownership of Glitnir Corporation was transferred from Glitnir Bank hf. to the management of Glitnir Bank Ltd on 14 October. As Glitnir Bank no longer belongs to the Glitnir Bank hf. group, there are no grounds for the ban imposed on asset transfers.

A new board was elected to the company at the extraordinary general meeting held on 15 October. Glitnir Bank will reinstate the former name FIM. FIM will continue operations on the basis of existing banking authorisation.


  • 29 October 2008: Helsingin Sanomat


Eurofound (2008), FIM, Internal restructuring in Finland, factsheet number 67472, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67472.