Nearly a quarter of jobs to go after Ilmarinen Etera merger
The huge merger in Finland's pensions insurance sector between Ilmarinen and its smaller rival Etera will lead to 180 jobs becoming obsolete over the next two years – almost of a quarter of the 801 current employees at the two companies.
When the two Finnish pensions insurance companies Ilmarinen and Etera marry their operations next month, almost a quarter of permanent jobs at the combined firm will disappear, the companies have announced. But they said that number of job losses will be reduced as a result of new tasks arising from the restructuring – without giving any figures.
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