â€œThe system is broken,â€� said Scott Duvall, NDP Critic for Pensions. â€œHow can you tell these workers that itâ€™s ok for executives to get big bonuses while pensioners get shafted?â€�
Reports show Nortelâ€™s former managers have received nearly $200 million in so-called â€˜retention bonuses,â€™ while lawyers and accountants have collected more than $2.5 billion to settle the companyâ€™s accounts since Nortel filed for bankruptcy in 2009. Similar bonuses were paid out to â€˜key employeesâ€™ from US Steel Canada while benefits for the companyâ€™s workers were denied.
â€œIn previous parliaments, the Liberals supported NDP bills that would have put workers first,â€� said Duvall. â€œNow that theyâ€™re in government I hope that the Liberals havenâ€™t forgotten their morals.â€�
â€“ 30 â€“
For more information, please contact:
NDP Media Centre: 613-222-2351 or email@example.com