·  Hamilton Spectator

Time for New Rules on Creditor Protection

Hamilton Spectator Editorial
By Howard Elliott

U.S. Steel retirees, workers and the union that represents them are sick and tired and mad as hell. In their attempt to get fairness and equity on things like pension protection, they’ve been stymied at every turn during restructuring and bankruptcy protection proceedings.

In determined desperation, they have now demanded a public inquiry into the entire U.S. Steel restructuring and creditor protection process. They are getting able assistance in the call from MPP Paul Miller from Hamilton East-Stoney-Creek riding. It’s a well-intentioned effort borne from frustration and the increasing likelihood that workers, and especially retirees, are going to be hung out to dry to one degree or another.

A public inquiry would be welcome from this vantage point. But in truth most of us know what it would find.

Complete article in the Hamilton Spectator

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