SpareBank 1 Nord-Norge offers around 150 staff severance agreements
On 22 September 2015, SpareBank 1 Nord-Norge announced that the Group would restructure its operations due to greater digitalisation and changes in customer behaviour. It warned that the changes would result in over-staffing that the Group would try to resolve by offering staff voluntary severance agreements. The expected net reduction in the number of full-time equivalents in the Parent Bank was reported to be a minimum of 10 per cent. It is now clear that around 150 severance agreements will be signed due to the voluntary process - compared with the previously indicated figure of 100.