ICBC Axes 250 Positions
 

ICBC cuts more than 250 positions after scathing review - News1130

are icbc employees unionized? If so there's no way they'd allow this.

saves 29 million by taking 250 jobs from people... dosnt cut insurance rates at all... so ICBC thinks the right direction is to keep more money for itself and not help anyone out:suspicious:

They are cutting from "mostly in management." i don't know if management level are unionized as well, just the employee are in union

Mostly Management positions, meaning that it's non-unionized.

258 people = 29 million bucks? My mind is blown
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public insurance....wanna hear what u guys gotta say about this.

:lawl:

Right there is a major issue, what company needs 8 vp's? it doesn't matter how big it is now thats just wasting money.

It's just a title, doesnt mean they get millions. My company is way smaller but the head of each division gets called VP. Of course that doesnt mean ICBC VPs arent getting millions adn doesn't mean they're redundant, I don't know how much they make. But my friend is a programmer there getting paid 20K more to do the same job as my other friend who is a programmer for a multnational company. And the former has less power to change/fix things, probably cause it has to pass thru so many VPs :p

The fact that they can just cut 258 positions means something.

8 VP's.....

the co. i work for has 5 =\

sales / marketing / ticketing / tech / finance

You think that's outrageous?

If I remember correctly Air Canada has thirty something VP's.

ICBC are such crooks, and its not like they have no money. If I remember correctly also Surrey Central City building and some other fairly large real estate properties are owned by ICBC as well.
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Air Canada is nation wide?

We're talking the difference between 24,000 employees and 5000.

At least they're doing something

I work for a national company and we have 2 vp's and 1 pres and we do over 300mill business a year. 8 seems like a ton especially it's only for BC.

saw 8 VP's and i'm thinking some positions of VP have to be made up, like the simpsons episode where a future lisa is president and appoints bart "secretary of 'keeping it real' "
:lawl:

I work for a national corporation
and just our division has 18 VPs 1 President
and i'm sure if you put together our entire parent company, we probably have over 100 VPs

i think the majority of those VP's were making over 140k a year or somthing like that

Sounds like an inverse triangle...we're on the bottom
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These 3 combined. The amount of money they bring in and there probably is a VP of sales and a VP of marketing etc, stuff a normal company that doesn't have a monopoly would need to put in competitive wages to steal the best of another company. Does ICBC need the best VPs in sales or marketing? Where else am I going to go?

all I can say is "FUCK ICBC"

lates

I'm down with that ...FUCK ICBC
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It's not like we have a choice for auto insurance here in BC. As long as I can save money, they could have one VP overseeing the entire company for all I care.

they laid off 8vps? so how many are left then lol thats ridiculas