Sagicor Financial Corporation has advised that the Group`s management has commenced a comprehensive organizational restructuring which will result in a number of functions being reorganized or made redundant . Group-wide Sagicor has a staff of three thousand and the company expects that this restructuring will affect less than 10% of its management and staff . Initially forty three positions across the group will be affected . In addition as part of the rationalization of costs in relation to the recent acquisition in Jamaica, an additional sixty five positions will be made redundant in Jamaica and Cayman.
Sagicor Financial Corporation
- March 27, 2009
- 12:00 am