News

Nordea, one of Europe’s largest banks, is expected to slash jobs despite reaping more than 4 billion EUR in profit during the last year.

The Nordic finance giant has announced a total 900 million EUR savings plan for the next two years after a similar move in 2011 cost around 2000 jobs. The unacceptable cuts come at the same time as planned salary increases for Nordea board members.

UNI Finance asks the public to send a message to the Nordea board condemning the move and demanding that Nordea consults with trade unions in order to protect jobs and wages during this difficult period.