What Happened at Wesgroup?

Wesgroup Properties LP (Wesgroup) has eliminated approximately 12% of its workforce.

“Let me be clear — this was an absolute last resort,” Beau Jarvis, CEO of the Vancouver-based real estate company, said in a post on LinkedIn.

“This was all in hopes of preserving as many jobs as possible. But despite these efforts, the economic realities left us no choice.”

The bombshell update comes just weeks after Rennie Group slashed around a quarter of its staff as British Columbia’s real estate market continues to cool.

Next Steps for Wesgroup Employees

If you’re fired or let go from Wesgroup, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in British Columbia (BC), Alberta, and Ontario.

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to...

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