The Inspectorate Does Not See How Lhv Could Replace 10 Percent of Its Employees per Year

Eesti Rahvusringhääling

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Factuality

Ownership

To increase the efficiency of LHV Bank, 10 percent of the weaker employees must be replaced every year, says the bank's founder Rain Lõhmus. According to the Labour Inspectorate, there is no possibility of such a mass replacement of the workforce in Estonian legislation.

aripaev.ee

Factuality

Ownership

Rain Lõhmus: There are no irreplaceable stars at LHV, 10% of the weaker ones have to be replaced every year. According to Rain Lõhmus, LHV's time as a "people's sports club" is over. Under the new manager Erki "kill you" Kilu, the bank is facing a radical blood change, where there are no irreplaceable stars and to prevent the organization from collapsing, 10% of the weaker links are sent to the bench every year. Investment, Management, Informati…