Tuesday, March 30, 2010

Amended Canadian Agreement

The following was posted on the Koskie Minsky web site this afternoon:

The Court-appointed Representatives for the Former Employees, the Court-appointed Representative for the employees of Nortel on long term disability, and Representative Counsel Koskie Minsky LLP, executed an Amended and Restated Settlement Agreement, which will ensure the continuation of health, dental, life and income benefits through 2010.

A motion for court approval of the Amended and Restated Settlement Agreement has been scheduled for March 31, 2010 at 10:00 a.m. at 393 University Ave.

Court materials will be posted on the Monitor's website at www.ey.com/ca/nortel as they become available.

My Note:

This whole process isn't democratic at all.

Why is a small group making decisions for this large group of pensioners and LTD
people without first getting their input?

If this was a union I expect that any agreement, or proposed position on
negotiation, would be put to a vote amongst the full membership before going
ahead with it. This may be called representation, but it is does not necessarily
reflect the majority opinion of the full group at large.

I think the people leading the NRPC are trying to do their best, but early on,
we should have required some rules of representation and decision making by the
NRPC, as our representative council, in order to make sure that they truly
reflect the majority opinion.

Unfortunately there doesn't seem to be a clear process for that.


  1. Tom, You asked "Why is a small group making decisions for this large group of pensioners and LTD people without first getting their input?"

    Simply because they can !! Besides it's much easier to dictate within their own circle and they can avoid any dissent.

  2. The problem is the pensioners and LTD folk should not be represented as a common group. They have different needs.

    What is now happening is the pensioners (by their # majority) are winning (albeit not as well) at the grave expense of the LTD folk. It should never have come to this.

    The LTD issue should have been dealt with individually first with no other interests. It would have progressed quickly and LTD folks would have been looked after as no creditors (or Judges) would oppose looking after them.