Wednesday, February 22nd, 11am
Brookfield Asset Management building, 180 Bay St., Toronto
TORONTO, Feb. 20, 2012 /CNW/ - A group of Fraser Paper retirees from
Quebec and New Brunswick who had their pensions cut by up to 40% when
their employer filed for bankruptcy protection are travelling to BAM
offices in Toronto to demand justice. They will be joined by leaders
of their union, the Communications, Energy and Paperworkers Union, and
by NDP leadership candidate Brian Topp, who has made pensions a
"While the top one per cent have been handed billions in tax giveaways,
many workers in Canada have been stripped of their pensions," says
Topp. "That's why I have proposed restoring fairness to our tax system
so that we can renew and improve the Canada Pension Plan."
CEP President Dave Coles says, "Canada's bankruptcy laws legalize
stealing from workers, like these Victims of Brookfield, to pay off
wealthy creditors." He points to a string of closures including Nortel
Networks and St. Mary's Paper where "workers have been forced to hand
over their retirement savings."
SOURCE COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA
For further information:
Michelle Walsh, CEP Communications Director: (613) 858-9144; (613) 230-5800 ext. 222.