A Comprehensive Look at Desjardins Group’s Workforce Rationalization and Cost Management Strategies

2023-07-05 21:35:58

Between 3,000 and 4,000 employees leave Desjardins Group each year. (Photo: The Canadian Press)

The ax falls to Desjardins Group while other players in the financial industry have also rationalized their workforce recently.

The cooperative laid off 176 people in Montreal in June, according to notices sent to the Ministry of Labor. Of these, 143 people are associated with personal services and 33 others are associated with Groupe Technologies Desjardins.

With this “difficult” decision, Desjardins aims to manage its costs and make productivity gains. “Desjardins members and clients are changing the way they use our services and we must ensure that we respond efficiently to their requests,” explains spokesperson Jean-Benoît Turcotti.

Between 3,000 and 4,000 employees leave Desjardins Group each year. The cooperative, which has 58,000 employees, will take advantage of “natural attrition” to assess the suitability of filling vacancies. “Desjardins’ objective is not to cut positions, but to remain relevant and efficient,” assures Jean-Benoît Turcotti.

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