CDPQ expects the cutbacks to generate annual savings of about $100 million from processes, resources and systems.
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Quebec’s public pension manager plans to cut a significant number of jobs as part of a reorganization that will see two real estate units brought in-house to improve efficiency.
“It’s inevitable that there will be job losses” in real estate, Caisse de dépôt et placement du Québec chief executive Charles Emond told reporters Thursday after CDPQ reported its 2023 results.
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The post Caisse de dépot CEO sees ‘substantial’ job cuts coming in real estate first appeared on Insie Mesenza.