Putnam investments eliminates 115 jobs to reduce costs
Business 16 November, 2016
Great-West Lifeco (Tor., GWO) said Tuesday that its US subsidiary Putnam Investments asset management would eliminate about 115 jobs in order to cut spending US $ 65 million.
The company calculates that these job cuts represent about 8% of the labor Putnam. They will take place mainly in areas related to operations and technology.
In addition, a number of “restricted” of investment management professionals will leave the company.
Great-West Lifeco, a member of the Power Financial Corporation group of companies offers life insurance, health insurance, retirement services and investment, asset management and reinsurance.
It operates the banners Great-West, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments.
latest news
Apple updated maps app to compete with Google Maps
30 September, 2019
Hurricane Dorian: Bahamas battered by ‘monster’ storm
2 September, 2019
Pros and Cons of Outsourcing Legal Transcription Services
13 August, 2019
How to Deal with Construction Rental Without the Stress
13 December, 2019
Is it Okay to Let Primary Students Use Phones at School?
9 December, 2019
The Top Factors You Should Remember When Selecting an Event Venue
5 December, 2019
4 Affordable Ways for SME to Thrive Online
3 December, 2019
Tips to Succeed in Managing a Huge Corporate Event
27 November, 2019
Budgeting for Your Food: The Only Tips You’ll Ever Need
22 November, 2019