As regards the retirees, I would just like to point out that, in some cases, these individuals have been receiving their pension for 15 or 20 years, only to suddenly see it cut by one third because, at the time of the closure, the $15 million that was needed was no longer there. So, these are people who may have retired at 58 or 60 years of age, and are now 75 or 80.
On June 1st, 2010. See this statement in context.