By Nichola Saminather
TORONTO (Reuters) – Sun Life Financial has begun reducing its real estate footprint across Canada and the U.S., vacating and reconfiguring its existing workplaces, it said on Thursday.
Canada‘s No. 2 life insurer expects to take a charge of C$40 million ($31.5 million) to C$60 million in the first quarter of 2021 as a result, but expects the changes to generate savings of about C$20 million annually, Chief Financial Officer Kevin Strain said on an analyst call.
(Reporting By Nichola Saminather)
