Kruger asks for more time to repay underfunded pension plan
At issue is the fact their pension plan is tens of millions of dollars short.
Their employer, Kruger, is asking for 10 years to repay that shortfall, rather than 5, in order to help them keep the mill profitable.
The workers are being asked to vote on this proposal. To pass, Kruger needs support from two-thirds of the current workers and retirees.
Kruger makes pension pitch to mill workers, retirees (CBC)
- Kruger denies hiding information about its pension formula
- Kruger to reassess viability of Corner Brook operation after vote doesn't go their way
- Changes proposed for Kruger's pension plan
- Kruger gets green light from Corner Brook unionized employees to apply pension plan funding relief measures
- Job cuts coming to Corner Brook Pulp and Paper
- No job cuts made today in Corner Brook
- Kruger leaks its own internal memo to CBC
- Job cuts hitting Corner Brook Pulp & Paper today