To conclude, we feel it is important to ensure that the laws limit the impact on employees and former employees of financial difficulties sustained by their employers. However, in attempting to protect employee and former employees' rights, it is important that we do not compound the problem by affecting the economy in such a way that the resulting effect is an overall loss of employment in Canada, coupled with a loss in productive capacity.
That possibility exists if legislative changes are made that cause a contraction in credit for businesses in general, limit the opportunity for troubled businesses to restructure and emerge as going concerns, force otherwise viable businesses to become insolvent, or incent employers to discriminate against the very employees and former employees the bill is trying to protect.
Thank you.