Canada

Workers at the French arm of telecommunications manufacturer Nortel have threatened to blow up their factory unless they secure decent layoff terms, but gas cylinders placed around the plant were empty, the National Post reported on a Reuters story. ...

Daily Headline - global.abi.org - 07/17/2009 - 09:41 - 0 comments

Bedford, Nova Scotia-based SportsClick Inc. has been put into interim receivership by its chief creditor, the Bank of Montreal, The ChronicleHerald reported. Ron Monet, BMO’s director of corporate communications for Quebec and Atlantic Canada, confir ...

Daily Headline - global.abi.org - 07/17/2009 - 09:40 - 0 comments

Air Canada’s biggest union, representing 12,300 mechanics and ground staff, has voted in favour of a tentative agreement that aims to provide labour stability and help avoid a second filing for bankruptcy protection in less than six years, The Toronto ...

Daily Headline - global.abi.org - 07/16/2009 - 08:57 - 0 comments

Air Canada's pilots agreed Monday to support a plan for a 21-month moratorium on part of the airline's pension obligations and an extension of its current labour contracts -- a move management says is the lynchpin in it securing the necessary f ...

Daily Headline - global.abi.org - 07/14/2009 - 10:29 - 0 comments

Air Canada's flight attendants approved a plan for a 21-month moratorium on the airline's pension obligations and an extension of their current contract over the same period late Sunday, the Financial Post reported. The union's members ...

Daily Headline - global.abi.org - 07/13/2009 - 09:28 - 0 comments

The massive North American auto supplier network took a major hit as Lear Corp. filed for Chapter 11 bankruptcy protection, becoming the latest example of how the collapse in vehicle sales has spread well beyond vehicle manufacturers and deep into the th ...

Daily Headline - global.abi.org - 07/10/2009 - 10:43 - 0 comments

Adaltis Inc, a Canadian medical device maker, said on Friday it was granted protection from its creditors by a Quebec court while it works on a reorganization plan, Reuters reported. Montreal-based Adaltis, which warned earlier this week that it was runn ...

Daily Headline - global.abi.org - 07/06/2009 - 06:45 - 0 comments

The Vancouver 2010 Winter Olympics have become a bargaining chip at Air Canada as the country's largest airline tries to overcome labour strife and avoid filing for bankruptcy protection, The Globe and Mail reported. Air Canada mechanics and tec ...

Daily Headline - global.abi.org - 07/02/2009 - 10:00 - 0 comments

Business and political leaders are reacting with a surprisingly philosophical sense of calm to the final breakup of Nortel Networks, the Financial Post reported on a Canwest News story. New owners will replace old ones, they say, and there’s still op ...

Daily Headline - global.abi.org - 06/24/2009 - 10:27 - 0 comments

Insolvent printing giant Quebecor World Inc. is a step closer to exiting from bankruptcy protection after its Canadian creditors strongly endorsed its restructuring plan yesterday, The Globe and Mail reported. The yes vote, concluded at a downtown Mo ...

Daily Headline - global.abi.org - 06/23/2009 - 08:54 - 0 comments