NDP MP Charlie Angus says WE's announcement Wednesday that it is shuttering its Canadian operations only underscores the lack of due diligence done by the government before handing administration of the program over to an organization that was evidently in financial distress.
WE said Wednesday it plans to lay off 115 Canadian staff and sell all its property in Canada in the coming months, including its landmark $15-million Global Learning Centre in downtown Toronto, which opened in 2017.
It follows news last month that WE would be laying off dozens of employees in Canada and the United Kingdom.
The net profits will be put in an endowment fund that will be overseen by a new board of governors and used to complete several projects in communities in Latin America, Asia and Africa that were started by WE but remain unfinished.
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