Evli Bank Plc is planning to reorganize its administration and support functions

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EVLI BANK PLC STOCK EXCHANGE RELEASE AUGUST 14, 2019 AT 10.00 AM

Evli Bank Plc initiates a business reorganization process in business support functions and Group administration.

The planned reorganization of administration and support functions is related to Evli’s strategic initiatives to improve customer experience as well as digitalization through development of information systems. Strategy work has now entered a phase where it is appropriate to negotiate a reorganization plan prepared by the employer regarding current job descriptions and responsibilities. This would further contribute to the continuous and purposeful efforts to achieve strategic goals.

In relation to the planned reorganization, the company will initiate a co-determination procedure. The co-determination negotiations cover a total of about 75 persons from Evli Group's administration and support functions. According to preliminary estimates, the reorganization plan, if implemented, could result in a substantial change of job description or termination of up to a total of 23 roles. Upon completion of the plan, Evli estimates that it will be able to provide approximately 13 new or changed roles as an alternative to a possible termination of employment. These tasks would be offered to suitable persons in accordance to relocation obligation.

Maunu Lehtimäki, CEO

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Globe Newswire: 08:00 GMT Wednesday 14th August 2019

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