Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

180 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2018
Employment effect (start)
1 March 2018
Foreseen end date
1 March 2020


At the turn of the year, Ilmarinen, which merged with Etera, has renewed its organisational structure. The new organisation structure will enter into force on March 1, 2018. During the reorganisation some of the employees are placed in new positions in the company. Relocation of persons who have completed their positions to alternative positions is still partly under way and approximately 65 permanent employment contracts will end this year. In addition, about 55 missions are expected to end during the next two years. Future reduction needs relate to the renewal of operational models, the phasing-in of information systems and the national income register, which will improve the processing of pay data in the future. In addition, over the next few years, some 50 people will have the opportunity to retire, which has contributed to reducing the need for reduction. At the start of the negotiations, it was estimated that up to 180 permanent posts would expire during the next two years.


  • 28 February 2018: Ilmarinen website


Eurofound (2018), Ilmarinen, Merger/Acquisition in Finland, factsheet number 93461, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93461.