The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
120 jobs Number of planned job creations
Announcement Date
27 January 2016
Employment effect (start)
Foreseen end date
Description
Banking company Nordea is investing in digital development and will hire 120 new employees in Finland. The new employees will be digital experts and they will be stationed in Helsinki and Oulu. Additionally 80 new experts in digital development will be hired in Copenhagen as well. Nordea's revenue in Finland increased by 4.9% during 2015 in comparison to 2014 and the company is now investing €1.4 billion in northern Finland, believing in a growing Finnish market. Recruitment of new employees will begin during the spring.
The ERM has previously reported on internal restructuring of Nordea Finland in 2014.
Sources
27 January 2016: YLE
Citation
Eurofound (2016), Nordea, Business expansion in Finland, factsheet number 86451, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86451.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
