Over 200 NTCL pensioners, represented by PSAC/UCTE, will see a much-needed cash infusion into their pension fund. The money comes as a result of the recent sale of the Northern Transportation Company Ltd’s assets to the Government of the Northwest Territories. NTCL has been facing bankruptcy proceedings and a major pension shortfall.
December 20, 2016
August 25, 2016
On August 19th, 2016, the Northern Transportation Company Ltd (NTCL) appeared before a court in Alberta under the Companies’ Creditors Arrangements Act (CCAA)
May 20, 2016
The media recently reported that the Northern Transportation Company Limited is having financial difficulties and is seeking protection from its creditors. This announcement came as a shock to employees, retirees and the union. PSAC represents 39 workers at the company, which provides shipping services to communities and exploration projects throughout the Northwest Territories and the western Arctic.
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