Province offers $40M to offset job losses in Alberta coal industry - News Summed Up

Province offers $40M to offset job losses in Alberta coal industry


The industry that powered Alberta homes and businesses for decades is slowly burning down as the province phases out coal-fired electricity. On Friday, the province announced it will spend $40 million to help Alberta coal mine and power plant workers. The Coal Workforce Transition Fund will go to those who need supplementary income while finding new jobs or bridging to retirement. Benefits top upEmployment Insurance typically pays out 55 per cent of a person's average weekly earnings, but the province plans to increase that for coal workers. The fund was among 35 recommendation the province accepted from the Advisory Panel on Coal Communities.


Source: CBC News November 10, 2017 21:00 UTC



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