RioCan Real Estate Investment Trust has laid off almost 10% of its employees as part of the REIT's strategy to operate more efficiently in a sluggish market for development.
Canada's oldest REIT cuts nearly 10% of staff
RioCan restructures, reduces workforce by 50 employees as it slows development program
By Garry Marr
CoStar News
October 29, 2024 | 1:53 AM
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IN THIS ARTICLE
- Properties
- RioCan Yonge Eglinton Centre
2300 Yonge St, Toronto, ON
- Companies
- RioCan Real Estate Investment Trust
Real Estate
- Contacts
- Jonathan Gitlin
President & Chief Executive Officer, RioCan Real Estate Investment Trust