NewsAlert: Great-West Lifeco to cut 1,500 jobs over two years

NewsAlert: Great-West Lifeco to cut 1,500 jobs

WINNIPEG — Great-West Lifeco says it will cut 1,500 positions over the next two years in response to changing technology and customer expectations.

The cuts are equal to 13 per cent of the Winnipeg-based company’s 12,000 employees in Canada.

Great-West (TSX:GWO) says the job cuts are part of a transformation of its business as it faces heightened competition.

More coming

 

 

The Canadian Press