HALIFAX — A national union that represents workers at Atlantic Canada's largest newspaper chain says conditions demanded by Postmedia in its bid to buy the insolvent SaltWire Network are not as bad as some observers had feared.
“There were some really straightforward, housekeeping changes,” Fitzpatrick said in an interview. “There were no substantive, material changes to the terms .” Some labour experts had said that giving up successor rights would amount to a major concession by the CWA, but Fitzpatrick said the change will have little impact because Postmedia is not buying the plant in suburban Bedford, N.S. Fitzpatrick said successor rights will remain in place, even if the plant is sold to a new owner.
During the court hearing in Halifax on Thursday, it was confirmed that SaltWire's pension plan would be wound up, a move that will affect 426 pension plan members. Court heard the plan is 90 per cent funded with a $6-million unfunded liability. The CWA, however, stressed that those who are kept on by Postmedia will continue to be covered by existing collective agreements and will be transferred to a comparable pension plan. As well, the union said it had negotiated a lump-sum payment that will be used help those who lose their jobs.
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