Mandatum’s change negotiations concluded

Press release, 28 January 2025 at 2:00 p.m. EET

Mandatum Group’s change negotiations that were started in December have now been concluded. As a result of the negotiations, the company will streamline its operations and eliminate overlaps to improve efficiency.

Mandatum started change negotiations on 3 December 2024, with the objective of ensuring more efficient and thereby more productive business. By improving efficiency, it is also possible to ensure competitive prices and scalable growth.

The negotiations have now been concluded, and as a result, the company will centralise similar functions and eliminate overlaps. Direct business-supporting functions are brought closer to the business. In the Retail clients business area, going forward, Mandatum will increasingly centralise new customer sales to its distribution partners.

The negotiations concerned approximately 150 employees. The greatest impacts were related to reorganising operations, but the negotiations also led to changes in the essential terms of employment contracts of seven employees and the reduction of 17 positions.

“I would like to thank Mandatum's employees for their great cooperation throughout the negotiations. Our goal was to ensure that we have excellent conditions for success and competitiveness also in the future. We are now in a stronger position regarding our growth objectives,” says Mandatum Group’s CEO Petri Niemisvirta.

Additional information:
 

Petri Niemisvirta
CEO
petri.niemisvirta[a]mandatum.fi  

Niina Riihelä
SVP, Communications, brand and sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi  

Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients. At the centre of Mandatum's success are highly skilled personnel, a strong brand as well as a proven investment track record.
mandatum.fi/en/group