Summary
Fraser Papers hurdled its last obstacle to escaping bankruptcy protection Sunday as a Canadian union accepted a revised contract that allows Fraser to shed most of $185 million in pension obligations.
About 69 percent of the voting members of Communications, Energy and Paperworkers Local 29 of Edmundston, New Brunswick, approved the revised deal during voting Sunday, said Bill Peterson, Fraser Papers' human resources department director.See the full content of this document
Extract
Canadian Union's Vote Keeps Fraser Going
"It's been a stressful, difficult weekend for all of us," Peterson said Sunday, "and now we can continue to...
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