Mr. Speaker, since Nortel entered bankruptcy in 2009, its workers have seen their pension plans devastated, their disability income lost and their health benefits vanish.
Now, the predatory vulture investors who bought Nortel shares for 12¢ on the dollar are trying to claim the full dollar value with interest, draining funds needed to pay for the benefits of former Nortel employees.
How is this possible? It is because the Conservatives, like the Liberals before them, have refused to amend our bankruptcy laws to protect employees from predatory investors.
This situation is shameful. It is wrong to put these speculators chasing a quick buck ahead of the hard-working Nortel employees who spent a lifetime building the company.
Nortel pensioners want the government to amend the bankruptcy laws and move pensioners and disability recipients to the front of the line.
Is anyone over there listening? Will anyone from the government stand up and do the right thing for Nortel pensioners?