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Sears pensioners reach settlement, without priority creditor status

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Steven Seeds:

The Stephen Harper Conservative government did nothing to help us Nortel Networks pensioners. I thought Justin Trudeau’s Liberal government would do something but like Harper he did nothing. Trudeau is more interested in forcing companies to pay women equal pay for work of equal value (not for equal work). When it comes to pensions, “big business” will always get the money before workers see it. Dalton McGuinty at least protected the first $1,000 per month.

I feel so sorry for Sears workers.

Monday, December 03 at 5:24 pm | Reply

Ketu Kingston:

We, as Canadians, have seen this occur before with other companies, i.e. Northern Telecom. What makes this such a travesty is that the CEO and other upper management received bonuses and large salaries, while the average employee suffers. The federaL government must have a mechanism in place to avoid companies sidestepping this vital responsibility. Why should taxpayers bail out the likes of car companies and then have that crash anyway and yet leave these people financially stranded?

Monday, December 03 at 11:02 pm | Reply

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