Sp Mortgage Bank Plc
Stock Exchange press release
11and May 2022 at 9:30 a.m.
The Savings Banks Center begins negotiations to change the personnel of the Savings Banks Cooperative Union, the Savings Bank Services Ltd., the Central Bank of Finland Savings Banks Plc, the management Sp-Fund SA and Sb Assurance-vie SA. About 470 people are involved in the change negotiation.
If the planned measures are implemented, it is estimated that a stoppage will take place in a maximum of 45 stations. Also, some tasks may change significantly. Potential layoffs will be limited by reassigning employees to new tasks and roles. Final personal effects will be confirmed after negotiations.
SAVINGS CAISSE GROUP
Further information :
Tomi Närhinen, Managing Director, Union Coop of Savings Banks
Mortgage Bank Sp is part of the Savings Banks Group and the Savings Banks Merger. The role of Sp Mortgage Bank is, together with the Central Savings Bank of Finland Plc, to be responsible for obtaining funding for the savings bank group from the money and capital markets. Sp Mortgage Bank is responsible for the financing secured by mortgages of the savings bank group by issuing covered bonds.