Louie Fiori worked for Stelco (now U.S. Steel) for 40 years until he retired in 1979. For that he received a pension indexed to the rate of inflation. Up until March last year, he received a monthly cheque for $890. His wife, Mary, now receives a survivor's pension of $553 a month.
And if U.S. Steel gets its way, she'll never receive a penny more.
"It's pathetic," said Fiori, at a rally held for the 900 locked out workers organized Monday outside the head offices of the Bank of Nova Scotia and Brookfield Asset Management in the heart of Canada's financial district.