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Manulife Eliminates 50 Jobs as It Outsources Property Management

Manulife Financial Corp. is eliminating about 50 jobs in the US and Canada as part of a plan to outsource some real estate operations and focus more on investing.

Most of the workers will retain similar positions with Jones Lang LaSalle Inc., which is taking over the property operations, a spokesperson for Toronto-based Manulife said in an emailed statement.