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03-17-2015, 01:03 AM
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#1 | | I WANT MY 10 YEARS BACK FROM RS.net!
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| ICBC cuts 12 senior management jobs, saves $2.2 million/year
kind of an old news, but I didn't know that this had happen  ICBC cuts 12 senior management jobs
ICBC cuts 12 senior management jobs
By Bethany Lindsay, Vancouver Sun December 3, 2014
The Insurance Corp. of B.C. is cutting 12 positions from its senior management team, including two vice-presidents.
The cuts will result in the loss of two corporate divisions at the insurance provider, and will save about $2.2 million in annual operating expenses.
“All these changes have been planned for some time as part of the natural evolution of the company,” ICBC spokesman Adam Grossman said in an email. “Our goals are to operate in a low-cost manner, keep rates as low as possible and deliver valued services for British Columbians, and we will be a leaner organization as a result.”
The cuts are unlikely to result in lower rates for customers. Grossman said those are mainly driven by injury claims costs, which total about $2 billion each year.  ICBC headquarters in North Vancouver. The agency will send $480 million in profits to Victoria in the next three years, according to Tuesday’s provincial budget. | 
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03-17-2015, 07:18 AM
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#2 |
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You suck, Timpo.
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Originally Posted by westopher I'd probably blow someone for that 911 | | |
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03-17-2015, 07:30 AM
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#3 | | I WANT MY 10 YEARS BACK FROM RS.net!
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So that's an average of $183k per manager... not really outrageous pay for senior management.
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03-17-2015, 09:36 AM
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#4 | | RS has made me the bitter person i am today!
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Originally Posted by Soundy So that's an average of $183k per manager... not really outrageous pay for senior management. | Until you realize that they classify like 25% of their workforce as senior management...  | |
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03-17-2015, 09:46 AM
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#5 | | Willing to sell body for a few minutes on RS
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We need the luck of the Irish on St. Patrick's Day in order for Translink to axe some of their high paying executives. 
#notgonnahappen
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03-17-2015, 10:07 AM
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#6 | | WOAH! i think Vtec just kicked in!
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Only 12??? | |
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03-17-2015, 11:02 AM
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#7 | | To me, there is the Internet and there is RS
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Kind of old? Really Timpo?
Either way it's a good start, too much worthless middle management in these companies.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
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03-17-2015, 08:30 PM
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#8 | | I am Hook'd on RS
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BC Ferries could learn a thing, or two from this...
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03-17-2015, 08:56 PM
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#9 | | Rs has made me the woman i am today!
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*ahem* translink *AHEM*
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