Friday, May 1, 2009

AbitibiBowater Pension Ruling Expected

2009-05-01

07:57:19

A court ruling could come down today on a union request to have AbitbiBowater respect a written agreement that allows staff to retire at age 57.

The agreement is to come into effect today.

But Company lawyers say the retirement allowance would cost AbitibiBowater about 68-million dollars million if 200 eligible workers were able to retire at 57 rather than 58.

Lawyers for the workers say the company has no right to decide unilaterally to scrap the retirement allowance without even discussing it with the union.