Canada
Results for Canada
- Air Canada Labour Talks with CAW Stall
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Labour talks between Air Canada and the Canadian Auto Workers have broken off until early next week after the parties hit an impasse over management's request for a moratorium on its pension payments this year, The Calgary Herald reported on a ...
Daily Headline - global.abi.org - 06/05/2009 - 07:51 - 0 comments
- Retired Bankruptcy Judge Appointed to Mediate Air Canada Pension Dispute
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The federal government has appointed the judge who oversaw Air Canada's insolvency filing six years ago to mediate the latest pension dispute between the company and its unionized employees, The Canadian Press reported. Finance Minister Jim Flaherty ...
Daily Headline - global.abi.org - 06/05/2009 - 07:51 - 0 comments
- GM Canada to Emerge Relatively Unscathed from Massive Restructuring
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While General Motors Corp. will almost certainly file for bankruptcy protection in the U.S. on Monday, its Canadian subsidiary should emerge from a massive restructuring process relatively unscathed, The Canadian Press reported. The restructuring, which ...
Daily Headline - global.abi.org - 06/01/2009 - 08:26 - 0 comments
- Get Unions on Board: Milton
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Air Canada is in a cash crunch partly because the previous management group "lost the plot" as the economy turned last year. But the company may still be able to avoid a return to bankruptcy protection, provided it can strike a deal with its un ...
Daily Headline - global.abi.org - 05/28/2009 - 08:07 - 0 comments
- Ottawa’s W.C. Wood Files for Protection
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One of Putnam County's largest employers is seeking protection from its creditors in a Canadian court, LimaOhio.com reported. W.C. Wood Corp., a Canadian manufacturer with a plant in Ottawa, filed a Companies' Creditors Arrangement Act applicat ...
Daily Headline - global.abi.org - 05/21/2009 - 11:15 - 0 comments
- Canada Will Not Limit Credit Card Rates
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The Canadian government will not move to limit interest rates on credit cards, Finance Minister Jim Flaherty said on Thursday, confirming that new credit card rules in Canada will not be as far-reaching as those just introduced in the United States. Flah ...
Daily Headline - global.abi.org - 05/21/2009 - 11:14 - 0 comments
- CAW Not Close to Reaching Deal with GM Canada
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General Motors Canada has demanded concessions far greater than the Canadian Auto workers granted to Chrysler Canada last month, the union said Friday, as both parties face a looming midnight deadline to reach a cost-cutting labor agreement, The Associat ...
Daily Headline - global.abi.org - 05/18/2009 - 08:01 - 0 comments
- Struggling Employer Must Honour New Collective Agreement: Court
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A Quebec company’s financial troubles are no excuse to renege on a new collective agreement provision for early pension, the Quebec Superior Court has ruled, Canadian Employment Law Today reported. Montreal-based forestry and newsprint company Abitib ...
Daily Headline - global.abi.org - 05/14/2009 - 08:16 - 0 comments
- Canadian Bankruptcies Skyrocket in March
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Bankruptcies in Canada soared by over 50 per cent in March from a year ago as the rising unemployment rate left more consumers unable to pay their bills, the Toronto Star reported. At the same time, business bankruptcies declined during the month, ac ...
Daily Headline - global.abi.org - 05/13/2009 - 07:36 - 0 comments
- AbitibiBowater Can Obtain Another $100M In DIP Cash
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A superior court judge in Quebec has approved a further $100 million in debtor-in-possession financing for North America's largest newsprint producer, AbitibiBowater Inc., as it navigates joint bankruptcy proceedings in Canada and the U.S., Bankru ...
Daily Headline - global.abi.org - 05/08/2009 - 09:53 - 0 comments
