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I work right next door at Dofasco lol.
Our pension plans were restructured a few years back just as I was starting. Now, new employees are given a choice as to how and even where are pensions are used. Sunlife gets a big chunk and we can choose how/where its invested. When we get our yearly pension bonus, we are free to do whatever we want with that part. Cash it out, RRSP, LIRA, etc. Even our VCP we can roll into something else.
But, Dofasco actually makes money unlike Stelco for the past few years. 99% of our product is automotive grade galv steel and tubular products. Toyota, Honda, GM, Ford, Chryler, even BMW and MB buy our steel.
Stelco made junk products and they were unionized. GNSP.
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