Mainstreet Reorganization Results in 12 Layoffs

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Mainstreet says it is undergoing a corporate-level reorganization that will eliminate or consolidate 12 positions. The move is a result of a new strategy and to support what the real estate development, investment and health care company says is faster growth in its operations functions, compared to real estate functions.

The affected employees, which the company says will receive severance packages, represent 4 percent of Mainstreet's work force. Founder and Chief Executive Officer Zeke Turner announced in September he was stepping down as chair of the Toronto-based Mainstreet Health Investments Inc. board, a company created and supported by Mainstreet, to focus more on growing Mainstreet.

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