Reorganisation of Storebrand Bank and Finansbanken
· The Boards of Representatives of Storebrand Bank and Storebrand ASA have approved a reorganisation that implies staff reductions of to 64 man-years at Storebrand Bank. For 2002, the effect of these workforce reductions and other measures that have been approved will be NOK 84 million. · The employee-appointed members of the Board of Representatives voted in favour of implementing the measures aimed at improving the bottom line, but against cuts in the workforce, under reference to their opposition in principle to potential redundancies. · A joint meeting of Finansbanken's Board of