TORONTO — RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
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RioCan cuts nearly 10% of its staff in efficiency push as condo market slowsThe company says the cuts will mean about $9-million in restructuring charges and should translate to about $8-million in annualized cash savings
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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slowsTORONTO — RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
Source: SooToday - 🏆 8. / 85 Read more »
RioCan cuts nearly 10 per cent staff in efficiency push as condo market slowsRioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
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RioCan cuts nearly 10 per cent of staff in efficiency push as condo market slowsTORONTO — RioCan Real Estate Investment Trust says it cut almost 10 per cent of its staff in October as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
Source: SooToday - 🏆 8. / 85 Read more »