Finnish earnings-related pension provider, Elo, has announced that it has begun restructuring negotiations.
On August 15, Elo submitted a proposal for negotiations in accordance with the Cooperation Act for the initiation of restructuring negotiations. The restructuring negotiations may lead to the termination of a maximum of 50 tasks.
The goal of the restructuring negotiations is to respond to changes in Elo's operating environment and customer behaviour. The negotiations also aim to clarify and make Elo's organisation more efficient.
“In recent years, the pension industry has actively invested in making operations more efficient. At the same time, customers are using our services differently than before due to increased digitisation.
“We have to adapt to the trends in the industry in order to serve our customers in the best possible way. For us, it is a matter of honour to have the best customer satisfaction among pension companies in the future as well,” Elo CEO, Carl Pettersson, said.
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