A Caisse populaire Desjardins sign is seen in Montreal on June 18, 2019.
Job cuts announced by Desjardins on Thursday amount to less than one per cent of the company's 58,000-person workforce. Montreal-based financial services conglomerate Desjardins is laying off almost 400 people.
The company told CBC News in a statement that it had made the "difficult decision" to cut about 0.6 per cent of its workforce due to the "current economic context."The cuts represent about 0.6 per cent of Desjardins's current head count of 58,000 people. Most of the cuts will be among those who work either in Montreal or Lévis, Que.
Some of the job cuts will come through natural attrition, where the company will simply not replace workers who voluntarily leave. And more will come from re-evaluating the need of currently open positions. The move is the latest sign of a slowdown in Canada's financial services sector, as Scotiabank announced on Wednesday thatAdd some “good” to your morning and evening.
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