Deindustrialization

Great Northern Paper Bankruptcy Leaves 1,000 Maine Workers with Pennies on Dollar of Promised Pensions

2017-12-18 00:00:00 +0000 UTC | Importance: 7/10

Approximately 1,000 former Great Northern Paper workers in Millinocket and East Millinocket, Maine began receiving bankruptcy settlement checks representing ‘a small fraction’ of the pensions, vacation pay, and severance they spent decades earning at the once-dominant paper mills. …

Brookfield Asset Management Cate Street Capital Great Northern Paper Company corporate-looting pension-theft bankruptcy-abuse workers-rights deindustrialization +2 more

WARN Act Passes with Corporate Loopholes, Toothless Plant Closing Protection

1988-08-04 00:00:00 +0000 UTC | Importance: 7/10

The Worker Adjustment and Retraining Notification (WARN) Act becomes law on August 4, 1988, requiring employers with 100 or more workers to provide 60 days advance notice before plant closings or mass layoffs. Congress passes the bill over President Reagan’s veto threats, responding to the …

U.S. Congress Ronald Reagan U.S. Chamber of Commerce AFL-CIO labor plant-closings deindustrialization corporate-loopholes worker-protection