Central Savings Bank Finland Plc
Stock Exchange press release
11and of May 2022 at 9:30 a.m.
The Savings Banks Center begins negotiations to change the personnel of the Savings Banks Cooperative Union, the Savings Bank Services Ltd., the Central Bank of Finland Savings Banks Plc, the management Sp-Fund SA and Sb Assurance-vie SA. About 470 people are involved in the change negotiation.
If the planned measures are implemented, it is estimated that a stoppage will take place in a maximum of 45 stations. Also, some tasks may change significantly. Potential layoffs will be limited by reassigning employees to new tasks and roles. Final personal effects will be confirmed after negotiations.
Savings Bank Group
Further information :
Tomi Närhinen, Managing Director Union Coop Savings Banks
Central Savings Bank Finland Plc belongs to the Groupement des Caisses d’Epargne and Caisses d’Epargne and acts as the Group’s central credit institution. The role of Central Bank of Savings Banks Finland Plc is to provide liquidity and wholesale funding for the savings bank group by operating in the money and capital markets, making payment transfers and issuing payment cards.