Greater Sudbury, April 14 – The Board of Governors of Laurentian University of Sudbury and its two largest labour partners have ratified terms of agreement which include a new five year term of the Collective Agreement with the Laurentian University Faculty Association (LUFA) to June 30, 2025 and amendments to the existing Collective Agreement with the Laurentian University Staff Union (LUSU) which has three years remaining.
Background
On February 1, at the direction of the Board of Governors, Laurentian University commenced a proceeding under the Companies’ Creditors Arrangement Act (CCAA) in order to allow the University to financially and operationally restructure while continuing to operate in all respects.
Significant one-time and ongoing cost savings had been requested from both LUFA and LUSU to support the University being able to emerge as a restructured and financially viable institution. These agreements were reached as part of the court-supervised mediation process facilitated by Justice Sean Dunphy of the Ontario Superior Court of Justice, who was appointed by court Order on February 5, 2021. The agreements reached with Laurentian’s largest labour partners reflect the tremendous commitment and sacrifice of all faculty and staff to the University and its future. Salary and benefit reductions are being implemented for all employees, including non-union, administration, management, and designated executives including the President & Vice-Chancellor.