Fraser Papers pensioners occupy Brookfield head office
WHEN: Wednesday, January 27, 10 am WHERE: Brookfield Asset Management, 181 Bay St., Suite 300
"We don't intend to leave these offices until
"As the controlling shareholder of Fraser Papers, with
On
"Today's action may seem desperate to some, said Mr. Ménard, "but many of these retirees are in desperate circumstances: they are living on a shoe-string budget and facing pension cuts of up to 40%!
"We demand that Fraser/Brookfield respect its workers and retirees and forgo this shameful, deceptive restructuring plan."
Fraser Papers filed for bankruptcy protection under CCAA last June, and is seeking approval to wind up the pension plans.
CEP is fighting the company's restructuring proposal in federal bankruptcy court, at the political level, and through labour boards filings.
For a backgrounder and financial details, visit: www.cep.ca.
For further information: Gaétan Ménard at (613) 230-5200 or (819) 775-6980
Share this article