Government investing $30 million to help displaced workers transition to new jobs after mass layoffs
The federal government is calling for project proposals to help workers who have been affected by recent mass layoffs.
Ottawa is investing $30 million into the Canada Retraining and Opportunities Initiative to help displaced workers transition into new employment opportunities.
“Local leaders know their communities best. That’s why we created the Canada Retraining and Opportunities Initiative; to give local leaders what they need to support workforce planning and help displaced workers find work,” said Randy Boissonnault, minister of employment, workforce development and official languages.
“That’s how we’re empowering communities to address labour challenges, drive innovation and create good paying jobs across the country.”
Boeing, Mastercard, SkipTheDishes, Cisco and Indeed among others, have all announced layoffs this year.
The Canada Retraining and Opportunities Initiative call for proposal is open to:
Eligible to apply for the initiative are those who can answer yes to the following questions:
According to the federal government, a mass layoff is defined by:
Ottawa first announced funding for the initiative in the 2022 Fall Economic Statement as additional support to existing federal, provincial and territorial programming to support Canadian workers. Employment and Social Development Canada (ESDC) has $30 million over two years (2024–2025 and 2025–2026) to support communities and workers affected by unforeseen economic events. The initiative is delivered through the Community Workforce Development Program.
This initiative will complement existing federal, provincial, or territorial programs such as labour market transfer agreements and Employment Insurance that provide a range of supports to assist workers in the context of unforeseen economic events, according to the federal government.
Recently, the federal and Ontario governments launched the Labour Force Management Strategies Initiative, a $4-million investment funded through the Sustainable Canadian Agricultural Partnership (Sustainable CAP).