Northstar Aerospace must take act to safeguard pension plan

MILTON, ON, Aug. 2, 2017 /CNW/ - After suddenly announcing the re-location of its Milton facility's equipment to Chicago, Northstar Aerospace refuses to meet the pension short fall for workers facing job loss.

"This profitable company is killing Canadian jobs and now it expects loyal workers to swallow a 25% cut to their pension," said Jerry Dias, Unifor National President. "I've got news for Northstar: your workers and retirees deserve better."

While Unifor acknowledges that the loss of a Boeing contract makes avoiding closure difficult, the union says that the company is still very healthy and there is no financial excuse not to supplement the pension plan in order to protect future and current retirees.

The closure comes as a surprise to the facility's 200 employees. Prior to the announcement, Northstar workers were assured that the Milton operation was on solid footing.

"Our members helped build Northstar Aerospace into what it is today," said Scott McIlmoyle, Unifor Local 112 President. "This is not right; the company has a moral obligation and the financial ability to make up the pension short fall. Northstar is a financially stable and profitable company."

Unifor is Canada's largest union in the private sector, representing more than 310,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

please contact Unifor Communications representative Sarah McCue at [email protected] or 416-458-3307 (cell)