Aktia Bank to initiate codetermination negotiations in the sales organisation
Aktia Bank plc
Stock Exchange Release
12.1.2016 at 9.30 a.m.
Due to changes in the bank’s operating environment, and especially in customer behaviour, Aktia Bank plans to enhance effectiveness to achieve cost savings and ensure long-term and sustainable level of profitability. Aktia shall continue to be a strong player in the financial market, offering private and corporate customers competent financial advice in a broad range of channels.
The bank’s sales organisation will be reorganised and its efficiency will be enhanced simultaneously with structural changes in customer services. The codetermination negotiations are initiated due to financial and production-related reasons and reorganising of operations.
The estimated reduction of the number of staff is approximately 60 persons. The measures planned are expected to bring annual savings of about EUR 2 million when they have been implemented in 2016. The reorganising of business operations generates a one-off cost of approximately EUR 1 million to be booked in the last quarter of 2015.
The measures planned are based on Aktia’s Action Plan 2015 and strategy Growth 2018.
AKTIA BANK PLC
CEO Jussi Laitinen
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