VIDEO: Pension Thieves: A Story of Brookfield Victims
March 27th, 2012 | Posted in Financial News | 2 comments ยป
Here is a video made by Operation Maple featuring the Victims of Brookfield.
The Communications Energy and Paperworkers Union of Canada (CEP) filed legal actions in February in Quebec Superior Court against the directors of the former Fraser Papers, owned by Brookfield Asset Management.
“Our legal struggle on behalf of the pensioners and workers of Fraser Papers has now begun,” says CEP President Dave Coles. “This is about fairness for retirees and workers who lost almost 40% of their pensions. The directors of Fraser Papers must now be held to account.”
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Personally, as a retired CEP member (paper) I’m ashamed of the way the “National” has handled itself the last few years. Our leadership has seen the rank and file dwindle, for lack of a better term by the thousands and not stepped up to the plate. They talk the talk about closures of mills and how they will fight for the rights of the workers and retiree’s but have yet ensured that the members get what they paid for in dues and years of toil to the employers. In my opinion the “National” is just as responsible for the demise of the rank and file as the corporations. Did they take a reduction in pay to ensure the resources are/were used to aid the “members”? Did the national downscale to become mean and lean to match the resources/funds paid by the rank and file? I’m not going to answer my own questions as I’m sure the thousands of displaced workers and those still struggling to keep a roof over their heads and food on the table for their families would answer with one loud voice that should awaken those who claim to lead. After all, I wasn’t aware that when you pay someone’s wages and benefits you’re there to serve them, not they to dictate to you. P.S. Where are the “supplemental strike funds” I paid into and have not been used? Time to re-evaluate and either pay them back as promised, or tell us hahahahaha ……..
My RRSP now a RIFF lost 47% since 2007. Get over it, the markets and the Bank of Canada keeping interest rates down are to blame for the loss of pension value. Is it reasonable to expect companies to keep paying into pension funds when all it will take for them to recover is for interest rates to rise and stock markets recover. This is assuming, of course, that your union pension fund managers aren’t the ones at fault. Now there is an interesting idea.