Fired faculty committee continues to encourage a ‘no’ vote on CCAA plan of arrangement
Laurentian University said the province has moved up its timetable by a year to purchase various real estate holdings from the struggling post-secondary institution.
Laurentian president Dr. Robert Hache said under the terms of the sale agreement, LU would “continue to use and occupy the real estate, land, or buildings. That would not be the case if real estate assets were sold to third parties generally.” Committee spokesperson Eduardo Galliano-Riveros said the amended timetable proves statements by the university that the plan can’t be changed were not true.
“While the Terminated Faculty Committee welcomes this new development, we urge the provincial government to redouble their efforts to ensure former employees of Laurentian University receive a fair deal,” the statement reads.
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