Change negotiations in Aktia Bank and Aktia Life Insurance have ended

Aktia Bank Plc

Press release

30 November 2022 at 10.30 a.m.

Change negotiations in Aktia Bank and Aktia Life Insurance have ended

Aktia Bank Plc and Aktia Life Insurance Ltd initiated change negotiations under the Co-operation Act on 11 November 2022. The negotiations have ended and, as a result, Aktia Bank and Aktia Life Insurance will reorganise their operations and as a consequence of this reduce a total of 65 jobs rather than the original estimate of 70 jobs. It is estimated that 34 new jobs will be created in connection with the changes, which will enable people who are being made redundant to find a new job in-house.

The aim of the change negotiations has been to clarify the organisational structure in order to support an excellent customer experience, growth and efficient operating practices, in line with the strategy. Based on the negotiations, the companies will harmonise jobs by centralising and clarifying responsibilities.

“Aktia is a strong player, trusted by customers and investors. However, we operate in constantly changing environment where ensuring competitiveness requires continuous adaptation and development of activities. Change negotiations are tough for an organisation. We will support employees who are affected by redundancies to the best of our ability and provide them with comprehensive change security training that promotes employment,” says Mikko Ayub, CEO of Aktia.

Further information:

Juha Hammarén, Deputy CEO, tel. 0,

Lotta Borgström, Director, Investor Relations and Communications, tel. 8,

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 900 people around Finland. Aktia's assets under management (AuM) on 30 September 2022 amounted to EUR 13.6 billion, and the balance sheet total was EUR 11.9 billion. Aktia's shares are listed on Nasdaq Helsinki Ltd (AKTIA).