XML FeedsKapuskasing workers accept a 10% wage reduction
Jan 31, 2010 | In Labour Negotiations | 5 feedbacks »
The unions at Tembec's Kapuskasing mill have voted to accept a 10% reduction in wages.
In the release, Coalition Leader Bob Pellow stated that the deal, which the press release called a "forgivable bridge loan" not a wage cut, will last until Dec. 31 of this year, or until an eastern CEP pattern settlement is reached with AbitibiBowater.
Negotiations will not resume until Jan. 1, 2011 or if there is a CEP eastern pattern settlement, which ever comes first. Pensions and severance calculations will not be included in the loan.
Read more:
Unions accept Tembec request (The Northern Times)
5 comments
Comment from: tembecwhore [Member] 
Not ever, were the words "forgivable loan" mentioned when the ultimatum was given to have our wages cut 10%.Only an idiot,ie:bob, would give tembec a loan.To by factual,it took three meetings for the coalition leader to convince people to vote the way HIS boss wanted us to.Who "loans' money when there is a gun pointed at their heads?This is nothing short of extortion!Give us the wage cut or we will close the mill.Not unlike car insurance,"pay this (huge)premium or don`t drive",or even union dues,"pay these dues,or don`t work here".Corperate Tembec are nothing short of Terrorists in their dealings with their workers(those that actually bring home the bacon)and should be recognized as such.What Tembec did to the people of Pine Falls is nothing short of criminal!Now that they see how it worked there they are refining their approach to get the "government"intervention possibilities eliminated so they reach their goals of paying off the board of directors handsomely before the company goes belly-up.The Dotorie master plan,right Adolf?!!
13/02/10 @ 11:14
Comment from: taggg2 [Member]
can anybody tell me the latest news for terrace bay?did it open or if and when it is going to?
19/02/10 @ 11:09
Comment from: birchbarkcanoe [Member]
According to TBT news, kenny got another extension......
23/02/10 @ 17:58
Comment from: taggg2 [Member]
I dont mind the extensions as long as they pay off there debt when they start up
23/02/10 @ 18:57
Comment from: birchbarkcanoe [Member]
Terrace Bay Pulp Creditor Protection Extended
By tbnewswatch.com
An idled pulp and paper mill on the North Shore has secured another reprieve from its creditors, but three months after the province offered up $25 million in loans, a restart date for Terrace Bay Pulp is still uncertain.
The company that owns the mill returned to court Tuesday looking for an extension on its creditor protection. Documents filed in the Superior Court of Justice list 373 claims against Terrace Bay Pulp, which totals nearly $71-million.
The documents state the company has $10 million in cash on hand. The $25 million provincial loan requires Terrace Bay Pulp to find operating financing from another lender to restart the mill.
A letter of intent with a potential funding provider has been sent. Officials from Terrace Bay Pulp were unavailable for comment Monday.
The company now has protection from its creditors until April 30. The mill has been idled for a year, resulting in the loss of more than 400 jobs in the area.
By tbnewswatch.com
An idled pulp and paper mill on the North Shore has secured another reprieve from its creditors, but three months after the province offered up $25 million in loans, a restart date for Terrace Bay Pulp is still uncertain.
The company that owns the mill returned to court Tuesday looking for an extension on its creditor protection. Documents filed in the Superior Court of Justice list 373 claims against Terrace Bay Pulp, which totals nearly $71-million.
The documents state the company has $10 million in cash on hand. The $25 million provincial loan requires Terrace Bay Pulp to find operating financing from another lender to restart the mill.
A letter of intent with a potential funding provider has been sent. Officials from Terrace Bay Pulp were unavailable for comment Monday.
The company now has protection from its creditors until April 30. The mill has been idled for a year, resulting in the loss of more than 400 jobs in the area.
23/02/10 @ 20:18
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