MONTREAL—Quebec’s Superior Court has authorized a plan that transforms six insolvent regional French-language newspapers across the province into employee cooperatives and reduces pensions for retirees by 30 per cent. Dumas’ ruling also blocks the ability of retirees, who had their pensions cut, from suing the new employee-owned entities. The judge says he understands retirees will be disappointed but his decision saves what was left to be saved from the insolvent newspaper group. Get more of the Star in your inbox Never miss the latest news from the Star. Sign up for our newsletters to get today's top stories, your favourite columnists and lots more in your inbox Sign Up NowRead more about:

Source: thestar December 23, 2019 23:15 UTC