Information Picket in Oakville for Retiree Benefits

August 2, 2011, 1:45 PM EST

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The CAW is holding an information picket on August 5, calling on German multinational ThyssenKrupp to live up to its commitment on retiree benefits.  The union is currently engaged in a court battle with ThyssenKrupp Canada to save the post-retirement benefits of 1,500 retirees from the former Budd Canada plant in Kitchener, Ontario.

ThyssenKrupp Budd (formerly Budd Canada) is attempting to shirk its responsibility to CAW retirees by dissolving their post-retirement benefits through the Bankruptcy and Insolvency Act.

ThyssenKrupp employs 177,000 people in 80 different countries.  In the 2009/2010 fiscal year alone, the company generated sales of more than €42 billion ($63 billion CAD).

The CAW is demanding that the company honour its commitment to retirees. Among the retirees who could lose their benefits, some are in long term care homes and others are recent organ transplant recipients on life-saving anti-rejection drugs.

Information Picket:
Friday, August 5, 2011 at 9 a.m.
ThyssenKrupp Industrial Services
2340 Winston Park Drive
Oakville, ON

CAW National President Ken Lewenza is encouraging all local unions in the region to attend. For more information, please contact former CAW Local 1451 (Kitchener Frame/ Budd) President Mike Devine at: 519-573-7992. 

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