Thursday, April 30, 2009

CEP - AbitibiBowater in Court Today

2009-04-30

07:56:39

The union representing workers at AbitibiBowater and the company are headed to court today.

The Communication, Energy and Paperworkers Union is objecting to the company's plans to stop pension payments for workers. President Dave Coles says the union is prepared to "go to war" with the company to protect pensions.

Meantime, the first of what's expected to be several meetings involving the company's creditors will take place next month in Delaware as part of bankruptcy protection proceedings

Public documents filed in court identify several Fort Frances individuals and companies as creditors, but don't reveal exactly how much money is owed.