Great-West Lifeco Inc. is making sweeping changes to its Canadian business, cutting staff as it moves to reduce costs in an increasingly competitive industry.
The Winnipeg-based insurer plans to broadly reduce its Canadian head count by as much as 13 per cent, or 1,500 positions, in the next two years. It will also slim down its real-estate footprint and invest in some new technology systems. As a result of the restructuring, Great-West will take a charge of $215-million before tax in its second quarter of 2017.
The move comes as Great-West repositions its…
Read the full article at: http://www.theglobeandmail.com/report-on-business/great-west-to-cut-1500-jobs-take-a-charge-amid-restructuring-plan/article34803276/
Related Posts
