OP Financial Group

Type
Business expansion
Country
Finland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.2 - Activities of holding companies and financing conduits
64.2 - Activities of holding companies and financing conduits
100 jobs
Number of planned job creations
Job creation
Announcement Date
22 June 2016
Employment effect (start)
1 August 2016
Foreseen end date

Description

Finnish financial service group OP-Financial Group has announced that it will invest €2 billion in digitalisation over the next five years and will hire at least 100 digital developers as a result. At the moment around 600 experts are involved in OP's development projects and more employees are needed as OP plans to expand from the banking and insurance market to include welfare and health markets as well. The new digital developers will work with system design and developing areas such as the Internet of things and cloud computing architecture. Some developers will be hired as project managers. Recruitment processes are already underway. 

Sources

  • 22 June 2016: tivi.fi

Citation

Eurofound (2016), OP Financial Group, Business expansion in Finland, factsheet number 87974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87974.