We, AbitibiBowater's pensioners, thank the union members of the
Communications, Energy and Paperworkers Union of Canada for accepting
the contract from AbitibiBowater that addresses pension shortfalls.
However, we are by no means out of the woods yet.
OTTAWA -- Workers at
AbitibiBowater pulp and paper mills in Eastern Canada have voted 63.5% to
approve a new collective agreement that includes cost reductions for the
company, but protects pensions for retirees and workers.
At a meeting today with Ontario Finance Minister Dwight Duncan, the president of one of Canada’s largest unions had some startling statistics on how the recession has affected pensioners, as well as some cost-effective solutions to the pension crisis.