TORONTO - The union representing Fraser Papers retirees from Quebec and New Brunswick said Thursday that a Quebec court has blocked a civil suit against the company's directors.
The pensioners, members of the Communications, Energy and Paperworkers Union of Canada, had accused the directors of the former Fraser Papers of being grossly negligent in their management of the pension plan.
TORONTO – The union representing Fraser Papers retirees from Quebec and New Brunswick, who had their pensions cut by up to 40% when their employer filed for bankruptcy protection, have expressed disappointment and regret over a court decision blocking a civil suit in Quebec against the Directors of Fraser.
TORONTO -– Fraser Papers retirees from Quebec and New Brunswick, who had their pensions cut by up to 40% when their employer filed for bankruptcy protection, will be at the Superior Court of Justice in Toronto on Friday when their former bosses challenge their case.
RE: EX MLA Pension Cuts:
As president of the CEP Local 29 located in Edmundston, I simply had to
send in my two cents and represent my views and the views of my members.
I am quite perplexed to see Mr. Jeannot Volpé coming out of the woodwork
and crying out injustice because his pension got cut by one third.
OTTAWA -- The Communications Energy and Paperworkers Union of Canada has filed legal actions in Quebec Superior Court against the directors of the former Fraser Papers, owned by Brookfield Asset Management.
"Our legal struggle on behalf of the pensioners and workers of Fraser Papers has now begun," says CEP President Dave Coles. "This is about fairness for retirees and workers who lost almost 40% of their pensions. The directors of Fraser Papers must now be held to account."