Nation News "SAGICOR FINANCIAL CORPORATION announced the layoff of 42 staff yesterday and indicated more cuts are on the way.
The Barbados-based company which has assets of $8 billion and employs 3 000 in 22 countries in the Caribbean, United States and Britain, said it expected its restructuring would affect less than ten per cent of its staff and management.
This first set of staff cuts affects 18 people in Barbados, many of them senior managers, 14 in the United States and ten in Jamaica."
The Barbados-based company which has assets of $8 billion and employs 3 000 in 22 countries in the Caribbean, United States and Britain, said it expected its restructuring would affect less than ten per cent of its staff and management.
This first set of staff cuts affects 18 people in Barbados, many of them senior managers, 14 in the United States and ten in Jamaica."
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