OTTAWA -- “Retirees have once again been told to go to the back of the line so that banks and hedge funds can collect their winnings,” says Communications, Energy and Paperworkers Union President Dave Coles.
“It’s almost criminal that Canada’s bankruptcy laws continue to force pensioners into poverty,” says Coles, referring to the recent Supreme Court decision that 170 former employees of Indalex Limited would be stripped of the $6.7 million to cover their pensions that had been awarded earlier by the Ontario Court of Appeal.
