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Anger as Canada Life axes managers

Canada Life has come under fire after its restructuring plans have left some branch managers jobless.

The attack comes after Can ada Life announced plans to make a “handful” of branch managers redundant as it restructures its salesforce.

The managers claim many of them are being offered only two months&#39 salary as compensation despite many years&#39 service with the life office.

The life office wants to red uce operating costs by reorganising its branch structure. Its 15 branches will be merged into five regional high-tech business centres, with some redundancies at branch management level.

Some of the staff losing their jobs have recently been relocated to other regions. One manager who relocated claims he was given was given an ass urance that his job would be safe. He was made redundant only months after moving.

Some staff are accusing Canada Life of giving staff the minimum legal redundancy payouts to avoid the possibility of industrial action.

One Canada Life insider says: “They are paying out the minimum redundancy payment possible. Some of these people have worked for Can ada Life for 20 years and they are only getting two months&#39 salary as compensation.”

Executive dir ector of marketing Neil Ste vens says: “We are expecting no more than a handful of red undancies in branch management but our challenge is not to downsize. We have invested a lot of money in technology to red uce the costs of running through so many branches.”


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