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Industry committee  You have to look at the pensioners' careers. Workers retire at about 55 or 60, with the idea that, after working all their lives, for 30 or 40 years—that was the case in our days—they will be able to count on the pension fund to which they have contributed and pay off their debts

June 3rd, 2021Committee meeting

Gordon St-Gelais

Industry committee  Yes, that is absolutely true. However, we obtained a settlement from the court regarding the Cliffs bankruptcy and the trustee managing that bankruptcy, FTI Consulting. We got a little over $10 million. When the town of Fermont and the school board found out about this, they wen

June 3rd, 2021Committee meeting

Gordon St-Gelais

Industry committee  Good morning, my name is Gordon St‑Gelais in Sept-Îles. I am president of the Comité des retraités de Mines Wabush with a company called Cliffs Natural Resources. In May 2015, Cliffs put Wabush into bankruptcy. This resulted in the retirees losing their benefits, their drug and

June 3rd, 2021Committee meeting

Gordon St-Gelais