On this week's Not Rex, Humberto DaSilva reports on the U.S. Steel purchase of a Hamilton plant and the resulting impacts on its workers:
U.S. "Steal" bought Stelco plant in Hamilton, Ontario for the amount Stelco had underfunded its pension plan. U.S. Steel promised the deal would be a "net benefit" to Canada. But now the workers of the U.S. Steel plant are locked out and all production has shifted south of the border. So what's the government doing? Not much. Oh well, at least someone is writing labour verse again.
Finance minister's office occupied by Ontario Federation of Labour president over private pensions scheme
WHITBY, ONTARIO--(Marketwire - Dec. 17, 2010) -- Ontario Federation of Labour President Sid Ryan, unions and community members have just occupied Jim Flaherty's office, 701 Rossland Road East, Unit 204, Whitby, stunned by his last-minute betrayal of Canadians' retirement security.
On the eve of the Kananaskis provincial finance ministers' meeting, Flaherty has dumped the expansion of the Canada Pension Plan (CPP) and put all Canadians at the mercy of the banks, mutual fund and insurance industries.