Manulife to cut 700 jobs in overhaul of Canadian business

TORONTO — Manulife Financial Corp. says it will cut its workforce by about 700 jobs as part of a wider restructuring of its operations as it makes a greater push to digital.The company says the job cuts will come through voluntary exit programs and natural attrition over the next 18 months.Manulife says it will require fewer staff as it automates and digitizes existing customer transactions and consolidates other administrative and operational back-office functions.The company says it has more than 13,000 staff in Canada as part of a global workforce of about 35,000 people. The cuts represent about 5 per cent of Manulife’s Canadian employees and 2 per cent of its global workforce.The company says it will look to recruit and train top digital talent as it looks to reorient its customer service model.Manulife says it will also consolidate its two Kitchener-Waterloo operations into one Canadian division headquarters.Roy Gori, who was appointed chief executive of the Toronto-based insurer last October, has expressed his desire to modernise the business with technology, once saying the insurance industry was “still in the dark ages”.Shares of Manulife were slightly higher at $24.86 on the Toronto Stock Exchange on Thursday afternoon. With files from Reuters read more

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Music mogul accused of sex assault looks like Shrek alleged victim tells

first_imgShe denied allowing him to unzip her dress, kissing him in her bed and directing the sex act. “That’s an absolute lie, an out and out lie,” she told the jury.She also denied kissing and hugging Pollard as he left, with the defendant claiming that he thanked her for a pleasant evening.Three days later, she reported Pollard to the police and he was questioned on February 18.”He mentioned everything that happened was consensual and that she agreed and made the running,” said prosecutor David Jenkins.The woman told the court she did not feel confident leaving her home during the following days, adding: “I spent most of Saturday in the shower.” Dave Pollard outside Isleworth Crown CourtCredit:Tony Palmer Dave Pollard outside Isleworth Crown Court She was still fully-clothed when woken by Pollard at 6.20am, the court heard.”I was asleep, had a weird sensation and thought: ‘What the hell?’ I was disgusted, I was absolutely horrified.”To wake up to that experience is horrific. He is someone I’ve never flirted with or found physically attractive and he’s taken that opportunity while I was asleep to assault me.”Pollard said the woman allowed him to massage her feet in the flat, claiming she also sat on his lap with her arms around him. A music mogul accused of sexually assaulting a woman he walked home from a pub is “hideous to look at… like Shrek”, his alleged victim told a court.Dave Pollard, who ran Universal Music’s video tape facility, the Engine Room, on a consultancy basis, claims the early-morning sex act was consensual with the woman after a drunken sleepover at her west London apartment.Isleworth Crown Court heard the woman had approximately six glasses of white wine and took home another bottle from the pub, sharing a glass with 56-year-old Pollard at her home.They agreed he could stay over rather than return to his wife and daughters at his £1m six-bedroom home in Westhumble, Dorking, Surrey, jurors were told. Pollard ran The Engine Room, Universal’s video studio and editing suite, and was a regular at the Crown and Sceptre pub.University of London graduate Pollard pleaded not guilty to one count of assault by penetration in January.”He is always surrounded by a bevy of artists and talents,” the woman told the jury. “I never gave him any sign whatsoever, no flirting or anything like that.”I see him as a safer, older man. He’s hideous to look at, there’s no sexual attraction. He’s massive, like a beast, like Shrek.” The trial continues. He is someone I’ve never flirted with… and he’s taken that opportunity while I was asleep to assault meDave Pollard’s alleged victim Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more

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