Seven senior leadership positions eliminated at REAL in 'restructuring'
Regina Exhibition Association Limited (REAL) has eliminated several upper management roles as part of an ongoing effort to update how it operates as an arms-length municipal entity.
The organization operates the REAL sports complex and exhibition grounds for the City of Regina.
Seven senior-level positions were terminated on Monday as part of a 'reorganization and restructuring,' REAL board chair Jaime Boldt confirmed on Tuesday.
The eliminated roles were not provided.
'We recognize that this impacted people's lives,' she told media. 'I really want to stress that was important to us, and it wasn't done without careful consideration and support of the board.'
Boldt said the layoffs were the next step in REAL's ongoing internal work to review its governance model and become financially stability, as directed by city council last June.
'That's what we did. That, in turn, led us to a point where we needed to take a really hard look at the structure,' Boldt said. 'Yesterday (Monday) was not easy for many, many people and we appreciate that. But this is a business decision, and we believe it's the right thing for REAL.'
She said the positions have been rolled into a new management structure that aims 'to create efficiencies and be more financially responsible in the operations of REAL.'
City council's directive for internal changes was the culmination of months of critical attention on REAL. That followed a failed tourism campaign that drew international attention for its 'sexist' undertones.
The organization later revealed it has been running deficits since 2021.
REAL has also been granted $15.4 million in funding top-ups from the city to cover its deficits in the last two years.
City administration is separately exploring its own report on the future of the corporation. That includes assessing the risks to the city as REAL's sole stakeholder if the organization were to dissolve.
During a special city council meeting Tuesday, Boldt noted an announcement is coming next week about REAL's efforts to hire a new president and CEO.
lkurz@postmedia.com
REAL to stay, new board and financial plan to come this fall
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