OP Pohjola to cut up to 554 jobs in Finland

Finnish financial group OP Pohjola is opening two rounds of change negotiations (muutosneuvottelut): up to 385 roles could go at insurer Pohjola Vakuutus, which has about 1,840 staff, and up to 169 in the central cooperative's retail banking operations, which employ about 500. At the same time OP plans about 277 new positions (237 and roughly 40 respectively), to be offered first to those affected; talks begin on 6 and 12 October 2026 and will last at least three weeks (OP Pohjola, 5 Oct 2026; second source: Yle, 5 Oct 2026).