Home News Industry News Pension protection agreement for workers at Corner Brook Pulp and Paper

Pension protection agreement for workers at Corner Brook Pulp and Paper

Corner Brook Pulp and Paper and the Newfoundland and Labrador government have come to an agreement to protect pensions for the mill's employees in the event of bankruptcy.

In an interview with the Corner Brook Morning Show on Monday, Minister of Municipal Affairs Eddie Joyce said the deal will take care of the mill's unfunded pension liability by using the company's Deer Lake and Watson's Brook power plants as collateral.

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Source: CBC News

 
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