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Wednesday, May 11, 2016

May 11, 2016

 

For Immediate Release

 

Opposition Amendment Seeks to Help Wabush Mines Pensioners

 

David Brazil, PC MHA for Conception Bay East-Bell Island, is pleased the government supported a PC amendment that seeks to help current pensioners of Wabush Mines, whose pensions were not protected when Cliffs Natural Resources entered bankruptcy protection under the federal Companies' Creditors Arrangement Act.

 

The government brought forward a resolution in the House of Assembly on Wednesday to support the efforts of some Members of Parliament to amend the federal legislation so that, in future, pensioners will be better protected.

 

The PC caucus proposed an amendment to “urge the Parliament to give these changes retroactive effect so the pensioners of Wabush Mines may benefit from this action”.

 

Brazil said, “We owe it to the current pensioners of Wabush Mines to do everything in our power to try to restore to them the benefits of the pensions they spent so many years contributing to. Many face extreme hardship, and it is unacceptable that they should not be protected. Others who are owed money by the company are protected – and indeed the company itself enjoys some of these protections – so the workers themselves should not be left out in the cold.”

 

Brazil spoke about his own family’s history in the mining industry. “Mining has long been a vital industry in our province, and it is the mining workers who have built those success stories. We have an obligation to ensure they are treated justly and better protected when the companies they worked for fall on hard times. They should not be among the last to be taken care of. They should be among the first.”

 

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Media Contact: Heather MacLean,

 

Director of Communications,

 

Office of the Official Opposition,

 

(709) 729 6105,

 

heathermaclean@gov.nl.ca

 

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