Workers of closed Newfoundland fish plant will have to wait for $2M
Money held in trust came from penalties paid by High Liner Foods to provincial government
BURIN, N.L.—It will be at least next month before displaced fish plant workers in Newfoundland get the answers they’re looking for relating to payout of money in a trust fund being held on their behalf.
Greg Pretty, of the Fish Food and Allied Workers, says a meeting in Burin, N.L., was an information session only.
Pretty says a three member trust fund committee is attempting to work its way through legal implications within the income tax act and Employment Insurance regulations before any payout can be made.
About $2-million being held in trust came from penalties paid by High Liner Foods to the provincial government for not meeting processing targets during the last five years of the plant’s operation.
The company agreed to work with government and the union to put the money into the hands of workers following the closure of the plant last December.