Second Catalyst Paper vote must be called

It is still legally possible for Catalyst to put forward a revised restructuring plan, one reader said.

To the Editor,

Contrary to what is being reported in some media, it is still legally possible for Catalyst to put forward a revised restructuring plan. And with a first vote failing by the  narrowest of margins there is a good chance that a second attempt could  succeed.

But for this to happen the company must act quickly. The alternative is a sales precess that immediately creates a  35 per cent pension loss for 1500 salaried pensioners, and an uncertain  future for employees, customers and suppliers.

In recent months Catalyst has gone to unions, workers, pensioners and municipalities for concessions aimed at supporting a successful restructuring and every one of  these groups has stepped up to the plate. So Catalyst has an obligation to do its best to bring this about, and not to throw in the towel after the first setback.

Unless that happens their supporters will quite logically feel betrayed.

Catalyst executives will collect almost $8 million in bonuses if the company is sold. Others are not so lucky; they should not take this lying down.

Gary McCaig,

Port Alberni

Just Posted

Former teacher returns to Port Alberni to lead Alzheimer’s Walk

Jory Mitchell celebrates his journey with late wife and her Alzheimer’s diagnosis

Pacific Rim National Park Reserve issues cougar warning at Kennedy Lake

Cougar encounter reported between Tofino and Ucluelet.

Deadline looming for North Island College scholarship applications

Students have until April 24 to apply for a record number of… Continue reading

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

Hupacasath First Nation re-elects entire council for new term

Steven Tatoosh takes helm for fifth term as chief, talks economic prosperity for future

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

Chaos at the ferry terminal for people heading from Vancouver to the Island

Easter crowds create backlog at Tsawwassen ferry terminal

B.C. RCMP receive application for Police Cat Services

RCMP announced the launch of the Police Cat Services unit as an April fools joke

Kirkland Signature veggie burgers recalled due to possible metal fragments

Recalled products came in 1.7 kg packages with a best before date of Apr. 23, 2019

Parents of 13 who tortured children get life after hearing victims

One of their daughters fled their home and pleaded for help to a 911 operator

Flooding, climate change force Quebecers to rethink relationship with water

Compensation for victims of recurring floods limit to 50% of a home’s value, or a maximum of $100,000

Storms blast South, where tornadoes threaten several states

9.7 million people in the Carolinas and Virginia at a moderate risk of severe weather

Private cargo ship brings Easter feast to the space station

There are three Americans two Russians and one Canadian living on the space station

Notre Dame rector: “Computer glitch” possible fire culprit

The fire burned through the lattice of oak beams supporting the monument’s vaulted stone ceiling

Most Read