Retired Employees of Fraser Papers Demonstrating in Gatineau

"CEP will take all possible legal and political actions to ensure that there is justice for Fraser Papers retirees"

Dave Coles, president, CEP

GATINEAU, QC, April 26 /CNW/ - At a demonstration organized by retired employees of the Fraser Papers mill in Thurso, Dave Coles, President of the Communications, Energy and Paperworkers Union of Canada, says that the union will "take all possible legal and political actions to ensure that there is justice for Fraser Papers retirees." Coles said that the union's lawyers are examining grounds for a civil suit against the company over the administration of the pension plan.

"We believe that our retirees who lost 35% of their pensions are victims of mismanagement by this company, and we fully intend to ensure that they are held accountable for their actions," said Coles.

Renaud Gagné, Vice-president of the CEP in Quebec, stressed that the union would provide both the retired employees and the active members with its full support for their cause. "This file has always stuck in our craw. Deviously shirking one's financial obligations to the pension plan is unacceptable. We intend to continue fighting to prevent this kind of situation from recurring," Mr. Gagné explained.

Fraser Papers, which is owned by Brookfield Asset Management, placed itself under the protection of the Companies' Creditors Arrangement Act (CCAA) last year and was not obliged to pay into the pension plan to return it to solvency. From the outset, the union has denounced the fact that while Fraser Papers has been casting off all its obligations, "Brookfield Asset Management remains profitable and in good financial health. It's ridiculous," said an angry Mr. Coles.

In total, over 800 retired employees were affected when ownership of the kraft pulp mill in Thurso passed from MacLaren, to Noranda Forest and then to Fraser Papers.

The CEP is the largest union in the forestry and wood processing sector in Canada.

Source: Communications, Energy and Paperworkers Union of Canada www.cep.ca

SOURCE COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA

For further information:

Dave Coles, (613) 299-5628

Profil de l'entreprise

COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.