Four-day work week becoming more common

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According to a survey of 245 companies by Watson Wyatt Worldwide, companies have been reducing workweeks significantly in 2009. According to the findings, 13 percent reduced workweeks in February (up from 2 percent in December). Another 8 percent of companies anticipate reducing the workweek in the next year.

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Pensions and Bankrupty

Briefing Papers Categories: Author: Mitch Frazer Torys - March 02, 2007

In its recent decision in Ivaco Inc., Re [2006] O.J. No. 4152, the Ontario Court of Appeal dealt with the challenging interplay between pension law and insolvency law. The decision deals with a restructuring in which one of the dominant issues is the treatment of a debtor's unfunded pension liabilities. Ivaco highlights the importance of dealing with pension issues early in the restructuring process.

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