Thank you, Madam Chair.
Thank you to the witnesses for being here this morning.
Mr. Davies, thank you, in particular. It's good to see you again.
My first question is going to revolve around the comprehensive expenditure review.
The NRC's 2026-27 departmental budget mentions that it is planning the following spending reductions: over $95 million in 2026-27, $127 million in 2027-28 and over $190 million in 2028-29. Further, it's anticipated that these spending reductions will involve a decrease of approximately 510 full-time-equivalent jobs by 2028-29.
Regarding the job reductions taking place, when will the jobs be impacted? Is it over the course of the next several years, or are you starting those job reductions now?