Fraser "holds pensioners ransom" with revised restructuring plan

OTTAWA, Jan. 26 /CNW/ - The union representing workers and retirees at Fraser Papers say the amended Plan of Arrangements to complete the company's CCAA restructuring is worse than what the company had presented last week.

"We have given them a categorical 'no'," says Dave Coles, President of the Communications, Energy and Paperworkers Union of Canada, reacting to a revised version of the plan proposed to creditors by Brookfield Asset Management.

"This version of the plan contains even more restrictive language than the first. Their only objective is to release themselves from wrong doing, not to do the right thing by their employees."

"What they are doing - holding Canadian pensioners to ransom -- is reprehensible," he says.

"CEP will defend our pensioners in every way possible. We will continue to seek redress and do our best to get them what they are owed."

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.