Finnish earnings-related pension provider Ilmarinen has announced it will make several redundancies as it “streamlines its organisation”.

It will launch change negotiations involving more than half of its employees with the aim being to increase customer focus and clarify management structures.

The business areas involved are customer channels, insurance and pension services, occupational risk management and rehabilitation, and operational planning and monitoring.

According to a preliminary estimate, up to 21 redundancies could be made. Ilmarinen said that, where possible, it will endeavour to find alternative jobs for staff. In addition, for some staff, there could be “unilateral changes to the terms and conditions of the employment contract”.

It also predicts that a “large proportion of the target group” could face other minor changes.

“When we simplify our structures, we also simplify our operations. Our aim with these changes is to make our everyday life smoother and to use our expertise more efficiently for the benefit of our customers," Ilmarinen HR and communications director, Sami Ärilä, said.

Negotiations will start on Tuesday 22 October 2024 and will last at least six weeks.

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