Internal restructuring
Location of affected unit(s)
Helsinki, Tampereella, Oulussa, Kuopiossa, Joensuussa and Turussa (among others).
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

278 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2015
Employment effect (start)
Foreseen end date


Finnish financial service provider OP Cooperative has initiated employer-employee negotiations concerning 4,352 people with the aim of reducing the workforce by a maximum of 380 positions. The restructuring is motivated by the need to make the organization more efficient and adapt to changes in the financial sector's operating environment. The OP Financial Group employs a total of 12,360 people, of whom 5,470 are employed by OP Cooperative. 

Update, 07-04-2015: OP Cooperative finished employer-employee negotiations on 30 March 2015. As a result, 278 jobs will be cut. 


  • 9 February 2015: karjalainen
  • 9 February 2015: Company press release
  • 30 March 2015: Company press release


Eurofound (2015), OP Cooperative , Internal restructuring in Finland, factsheet number 78293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78293.