The Federation of Labour wants the provincial government to bring in legislation to protect employees from losing their pensions when their employer becomes insolvent. It happened at the paper mill in Grand Falls-Windsor—although government stepped in to cover the money—and more recently at Wabush Mines in Labrador.
Late last month Sears announced that it was shutting down 20 full-line locations, 15 Sears Home stores, ten Sears Outlet stores and 14 Sears Hometown locations across Canada including the store in Corner Brook. 2,900 jobs will be cut. Many of those employees are worried about their future, and are uncertain of the status of their pension.
Provincial Federation of Labour President, Mary Shortall, says government needs to do what has been the way in Ontario for decades.
Ontario has a guaranteed fund so that the workers have at least something, even if it’s only a thousand dollars.