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Industry committee  It's the same answer.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  The pension benefits are going to continue post-emergence, so 100% of people's benefits will continue to be paid. We avoided the termination of any of the 15 pension plans we had in Canada, and the Canadian company, AbitibiBowater, is certainly far stronger than it was when it en

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  I am retained as an adviser to AbitibiBowater. I'm not an executive of the company. That issue involved a lot of discussion, and I'd probably refer you and any of the other committee members who have an interest in that to check the record from when we were before the industry co

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  AbitibiBowater has had a very complex restructuring, and it has been an exercise in balancing a lot of interests of various stakeholders, including a number of the people we are referring to here today. It's our view, and it was the company's view, that part of successful restruc

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  Post-emergence, all retirees are going to be entitled to 100% of their pension benefits.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  I think the outcome would be as Mr. Lopez said.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  It would be exactly the same. You might have some operations that survived, but--

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  We probably have 400 there, or maybe a bit more than that.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  It could be zero.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  Thank you, sir. If you look at the liabilities of the company, particularly as they relate under Bill C-501, you would have pension solvency deficits in the neighbourhood of $1.3 billion. Then you would have some secured debt on top of that, which would be securing all of the Ca

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  I practised, Mr. Chairman.

December 2nd, 2010Committee meeting

Bruce Robertson

Industry committee  Thank you, Mr. Chairman. I'll do my best. My name is Bruce Robertson, and over the past 18-plus months, I've been serving as the chief restructuring officer for AbitibiBowater as the company works through the challenging period of restructuring itself under the Canadian CCAA and

December 2nd, 2010Committee meeting

Bruce Robertson