The plan is illegal, Abitibi forgot to meet its 6000 retirement. They represent one of the most important part of equity. They are mobilizing and are very angry against a law passed against them.
AbitibiBowater Retirees refuse to bear the brunt of restructuring
Pensioners rally against Bill 129, Charest government that would allow the paper to spread out over ten years the repayment of its debt to the pension plans.
This measure, designed to help the paper to repay its debt to the pension and avoid bankruptcy, leaving retirees facing a difficult choice. They will go under the Pension Board and lose up to 30% of their income or stay with the plan of AbitibiBowater without knowing if the company happens to recover.
Pensioners, who were gathered in assembly in Donnacona, Thursday, refuse their pension fund would be used to pay the debts of the paper.
Pensioners are outraged by the offer made to them, especially as negotiations between the government, the company and the unions, they were never consulted.
"It falls to the same extent as if they had gone bankrupt. The government does not help us at all, "said one pensioner.
"I will not go away with the pension board, let me cut to 30% that they eliminate their debt and they go hard fat," said another.
The PQ member Francois Rebello came to offer his support. François Rebello has launched a call for mobilization of retired AbitibiBowater mills of Quebec. Retirees will have to agree on a plan of action.
Bill 129 should be considered next week in parliamentary committee.
The paper about 6000 retirees, including more than 300 to Donnacona.
maybe it's the illusion of democracy...we claim to have a 2 party system with checks and balances, but the ultra rights and lefts seem to always get their way...what's up with that
seems more like 1 party for a few while the rest pedal away in serfdom city...we came so far only to go backwards...maybe if the 10% who claim wealth in the world realized the benefits of improving the common mans status it would help
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