Investigating Efficient Strategies Of Term Insurance

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"We are committed to treating all those affected fairly and respectfully, consistent with our values."  How Great-West Life became an insurance titan Almost a third of the job cuts, or 450 positions, will come from the company's Winnipeg headquarters, a spokesperson told CBC News. On a conference call with analsysts to discuss the move, the company said it expects most of the job cuts to be front-loaded, with 1,000 coming in 2017 and the remainder next year. In addition to cutting nearly one out of every seven jobs it has in Canada, the company also announced it would be consolidating some of its real estate holdings, improving some of its processes and updating its IT systems to save money. While the moves are aimed at saving money over the long run, they come with a $215-million restructuring charge on Great-West's books in the coming quarter for things like "severance payments, real estate optimization costs and information systems exit costs." After that, Great-West says the moves announced on Tuesday will save the company about $200 million a year, before taxes. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines .

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