CAW members protest in financial district
Published Monday, April 23, 2012 11:08AM EDT
Members of the Canadian Auto Workers union are staging a protest in Toronto's financial district.
Protesters have gathered outside the offices of Catalyst Capital Group at the TD Centre in a show of support for 36 workers who were laid off last fall when the Snowbear plant in Guelph shut down.
Snowbear makes utility trailers and snowplows.
Catalyst Capital Group is a private equity firm that's a secured lender to Snowbear, CAW said in a news release.
The union said Catalyst is trying to sell the assets of the company to recoup lost investments, and CAW has not been provided any assurances the laid-off workers will receive the approximately $500,000 in severance pay they are still owed.
Motorists and pedestrians may encounter some traffic disruptions due to the protest at 77 King St. West, between Bay and York streets.