“An Absolute Last Resort”: Wesgroup Properties Axes 12% of Staff
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 ensure your severance package is fair and aligns with Canadian employment laws.
For a broader understanding of your severance rights, visit Wesgroup Layoffs: Your Rights and Severance Pay Explained. You can also use our free Pocket Employment Lawyer to get real-time insights.
Lost Your Job at Wesgroup? Contact Us
If you’ve been fired or let go from Wesgroup, the experienced employment law team at Samfiru Tumarkin LLP can help.
Our lawyers in BC, Alberta, and Ontario have helped tens of thousands of non-unionized individuals resolve their workplace issues.
Call us today at 1-855-821-5900 or request a consultation online.
You must consult your union representative regarding termination, severance pay, and other workplace issues. By law, employment lawyers can’t represent unionized employees with these issues. They’re governed by your collective bargaining agreement.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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