HALIFAX, Dec. 10, 2012 /CNW/ - The president of Canada's largest
forestry union says the announcement of the agreement with Resolute
Forest Products and the Washington Post Company made by the Nova Scotia
government is "great news for the forest industry".
"This is extremely beneficial to retirees as it will have a very
positive impact on the health of the pension plan for workers at the
former Bowater mill," said Dave Coles, National President of the
Communications, Energy and Paperworkers Union of Canada (CEP).
Nova Scotia Premier Darrell Dexter made the announcement today in
Halifax stating that the government was gaining control of the
company's assets and taking over the its liabilities, including the
former employee's pension plan.
"It is encouraging to see that the government has acquired assets that
hold sufficient value to cover the liabilities of the pension plan."
added Coles. "We have here an exciting opportunity for those who are
interested in community forest control".
"We have always believed that forestry is not a sunset industry," added
Coles in closing. "Industry renewal takes vision and political will,
both of which the Nova Scotia government has demonstrated today."
CEP National President Dave Coles is available for media interviews.
The Communications, Energy and Paperworkers Union of Canada is the
largest union in several key sectors of Canada's economy, including
forestry, energy, telecommunications and media. The union's 110,000
members work at a wide variety of jobs in hundreds of different
workplaces across the country.
SOURCE: COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA
For further information:
Dave Coles, National President, email@example.com, 613-299-5628