CURC

CURC adds support to Brookfield victims

The Victims of Brookfield Asset Management were part of the Occupy Toronto movement. Here, they are interviewed by the media as part of their campaign to shame the conglomerate into honouring its pension obligations.

The Victims of Brookfield Asset Management were part of the Occupy Toronto movement. Here, they are interviewed by the media as part of their campaign to shame the conglomerate into honouring its pension obligations.

Less than a month after CEP representative Sébastien Bezeau spoke on their behalf to delegates at CURC’s 10th Constitutional Convention, retirees from the former Fraser Paper mill in Thurso, QC were in the news again.

The Fraser retirees, in Thurso and New Brunswick, saw big cuts in their pensions and benefits when the company, owned by Brookfield Asset Management, declared bankruptcy in part of a bigger corporate shell game to boost Brookfield’s profits.

Claude Parent, president of the Fédération des Syndicalistes à la Retraite du Québec (Quebec Federation of Union Retirees) added CURC’s name to the growing list of supporters of these former employees, who launched a public campaign to shame Brookfield, a little-known company that manages billions of dollars in real estate and other assets.

“We denounce the anti-democratic and anti-union actions of their former employer, Fraser Papers,” said Parent.

“Over the course of their working lives, these workers gave up part of their salary to build a decent retirement. Today, we need to denounce companies like Brookfield Management. We can’t let them walk away with a significant part of our pension funds. They have to respect the agreements they made with their workers and retirees throughout the years.”

 
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