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True North Commercial REIT T.TNT.UN

Alternate Symbol(s):  TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.


TSX:TNT.UN - Post by User

Post by SIGG1on Jan 06, 2025 9:49am
70 Views
Post# 36390225

Amazon is ending remote work.

Amazon is ending remote work.

Amazon is ending remote work. Its employees hope the company reconsiders

The tech giant and online retailer is requiring workers to return to the office full time

Amazon workers at their desks in the Vancouver headquarters
Amazon workers in the Vancouver office in March 2024. Staff were allowed to work a hybrid schedule, but as of Jan. 2, that in-office requirement for the company's global workforce changed to five days per week. (Ben Nelms/CBC)

It's back to the office full time for the majority of Amazon employees across the globe, but for some who work for the tech giant and online retailer it's not a welcome change. 

"The people on my team are very upset about this," said CJ Felli, a system development engineer at Amazon Web Services based in Seattle. 

Amazon's corporate employees worked mostly remotely during the COVID-19 pandemic. Since 2023, they were allowed to work a hybrid schedule — two days remotely and three days in the office. 

As of Jan. 2, that in-office requirement has changed to five days per week.

Amazon CEO Andy Jassy wrote in a letter to employees in September that the company is "going to return to being in the office the way we were before the onset of COVID."

Employees concerned about lack of data

"What we've been told is that it leads to increased collaboration between teams and innovation," said Felli in an interview with CBC News. "But whenever we ask for data, which is famously Amazon's bread and butter, they never are willing to provide it."

Felli has been speaking out against this latest return-to-office mandate, along with 523 other Amazon employees who penned a letter to the CEO of Amazon Web Services, Matt Garman, saying they are "appalled" by the "non-data-driven explanation" for a five-day in-office mandate and expressed the benefits of remote work in the letter.

Felli believes employees are happier and productive working from home and would like to maintain that flexibility. 

"I do most of my focused work at home, and I find that breaking up of the monotony personally really helps me out," he said.  

What workers want

About 18.7 per cent of employed Canadians worked mostly from home as of May 2024, according to Statistics Canada. That's about six per cent lower than May 2021, but remains more than twice as high as it was before the pandemic.

A flexible workplace is a big draw for workers, according to a workplace trends report from global staffing agency Robert Half.

About 40 per cent of the employees surveyed said they preferred hybrid work, spending two to three days per week at the office. Employers who were surveyed said they would prefer their teams to be in-office four days per week. 

"That dance between the employee and employer is suggesting that we're still on a journey to perfect that mix," said David King, senior managing director at Robert Half in Toronto. 


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