CEP union officials have a plan to wipe out AbitibiBowater's pension deficit

CEP union officials have a plan to wipe out AbitibiBowater's pension shortfall, but the plan requires new government legislation.

Marvin Pupeza, national representative for the Communications, Energy and Paperworkers union, on Monday said he couldn’t reveal details of the joint plan, put together last week by AbitibiBowater and representatives of 23 Canadian unions at meetings in Montreal, until both the federal and provincial governments and pensioners have been briefed. He said he’s convinced it can work.

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Plan in place (TbNewsWatch)