Indalex in Pointe Claire - Bankruptcy



    MONTREAL, April 8 /CNW Telbec/ - Indalex in Pointe Claire has filed for
protection under the Companies' Creditors Arrangement Act thus jeopardizing
over 225 jobs. "We're worried. It's an established company that normally
should not be experiencing liquidity problems. The speculation fever that hit
various acquiring companies such as Sun Capital over the past few years has
weakened the company. Our negotiations are at a standstill," declared Pierre
Arseneau, union representative for United Steelworkers (FTQ).
    On March 20, the company, whose head office is located in Chicago, filed
for Chapter 11 under the bankruptcy laws of the United States. Pierre Arseneau
said "we knew this did not look good for us here in Quebec. Indalex has five
facilities in Canada. It's having serious liquidity problems in terms of
buying raw material, especially aluminum billet. Over the past two months we
noticed an increase in the number of problems at the Pointe-Claire plant; for
example shutting down work teams for lack of materials such as paint, aluminum
billet, etc. We must save this Quebec plant because not only are more than 225
jobs at stake but this facility is also the group's most profitable."
    The union representative stated that their collective agreement ended
last December 23, 2008. "We've requested that negotiations be delayed to allow
the company to deal with its liquidity problem, he explained. It's basically
status quo until the situation improves. Negotiations are equally difficult
for office workers. They became unionized last year. They had to refer to the
Negotiations Act to settle their first collective agreement. The employer now
wants to freeze salaries so that it doesn't have to pay the increases
negotiated in the agreement two years ago. We need to let the storm clouds
pass and then negotiate under better conditions."
    The representative for United Steelworkers (FTQ) concluded by expressing
serious concern for Quebec's manufacturing jobs. "Where is the Charest and
Harper governments' industrial strategy to help Quebec stand out in a very
competitive global market in crisis?"
    The Indalex plant in Pointe Claire manufactures aluminum sections. It
sought protection under the Companies' Creditors Arrangement Act on April 3 of
this year.




For further information:

For further information: Pierre Arseneau, United Steelworkers (FTQ),
(450) 656-1113


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