Canadian Labour Congress

Canadian Labour Congress

June 03, 2005 17:16 ET

A Measure of Fairness Towards Working Families

Wage Protection and Amendments to Bankruptcy Laws Steps Forward Attention: Assignment Editor, Business/Financial Editor, News Editor, World News Editor, Government/Political Affairs Editor OTTAWA ---(CCNMatthews - June 3, 2005) - The Canadian Labour Congress welcomes as positive steps forward the legislation introduced to create the Wage Earner Protection Program and the amendments to the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act (CCAA) that relate to workers' wages, benefits, pensions and collective agreements.

"These measures are about balance and fairness to workers and their families," says Hassan Yussuff, Secretary-Treasurer of the Canadian Labour Congress.

"The Canadian Labour Congress has been calling for years for this kind of measures to ensure workers' interests are protected in the event of business bankruptcy or insolvency. We can look forward to a time soon when the law provides employees with a higher certainty of payment of their earned wages, benefits and pension at a time when their jobs are on line because of the employer's insolvency."

Yussuff expresses hope that the federal Parliament will move quickly to adopt this legislation because Canadian working people have waited too long already for these protections.

The Canadian Labour Congress, the national voice of the labour movement, represents 3 million Canadian workers. The CLC brings together Canada's national and international unions along with the provincial and territorial federations of labour and 137 district labour councils. Web site: www.clc-ctc.ca

Contacts: Jean Wolff, 613-526-7431 and 613-878-6040
Jeff Atkinson, 613-526-7425 and 613-863-1413
communications@clc-ctc.ca
/For further information: Jeff Atkinson 613-863-1413/ IN: ECONOMY, FINANCE, LABOUR, POLITICS, SOCIAL

Contact Information

  • Jean Wolff, Canadian Labour Congress
    Primary Phone: 613-526-7431
    Secondary Phone: 613-878-6040
    E-mail: communications@clc-ctc.ca