Monday, March 8, 2010

Tentative deal on pensions struck with AbitibiBowater

AbitibiBowater employees can breathe easier. The Canadian Paperworkers Union has negotiated an agreement with the company over pensions. The CEP's Kim Ginter says the tenative deal with the company will fix the 25 per cent shortfall in the pension plan affecting retirees and active workers. The tenative agreement will go to the workers for a vote sometime in early April once the wording is finalized.