Login

Search

We have 8079 groups in 289 locations listed on this site! Knit on, everyone!

Latest Groups Added

1. timberland fur lining boots sale
    Created: Nov 26, 2014
2. nike eric koston
    Created: Nov 26, 2014
3. turbine beat by dre headphones
    Created: Nov 26, 2014
4. louis vuitton handbag women
    Created: Nov 26, 2014
5. Couple rings
    Created: Nov 26, 2014

Recently Updated Groups

1. Cork, Ireland
    
2. Trieste, Italy
    
3. Cape Town Southern Suburbs - Constantia
    
4. Cape Town Southern Suburbs - Kenilworth
    
5. Toronto - Annex
    

Stitch 'n Bitch Groups

Managers at bankrupt Maine railway could face layoffs — Business — Bangor Daily News — BDN Maine

Group Name
180
Meeting Location
180
Address
180, New York, 180, 180, 180
Meeting Day
180
Meeting Time
180
Contact E-mail
Group Website
[b][url=http://www.cheapernorthface.org/north-face-mens-jackets-c-1.html]north face mens clothing[/url][/b]
[b][url=http://www.cheapernorthface.org/north-face-mens-jackets-c-1.html]the north face outlet men's shoes[/url][/b]
the north face outlet
the north face outlet
the north face outlet online


Managers at bankrupt Maine railway could face layoffs
Print
Email
Share
Tweet
By Nick Sambides Jr., BDN Staff
Follow on Twitter
Find on Facebook
Posted Nov. 01, 2013, at 11:13 a.m.
Last modified Nov. 01, 2013, at 3:01 p.m.
JOHN CLARKE RUSS | BDN Bob Grindrod Buy Photo
north HERMON, Maine — It doesn’t necessarily mean they will lose their jobs, but 32 workers who signed employee retention agreements could be laid off from the bankrupt railway that owned the runaway train that caused one of the biggest rail disasters in North American history.
north face jackets The trustee appointed to operate Montreal, Maine and Atlantic Railway during proceedings in U.S. Bankruptcy Court in Bangor filed a motion through his attorney late last week to void “certain retention agreements” the 32 employees signed, court documents state.
north face jackets The biggest name on the list is Robert Grindrod, the company’s president. The others appear to be management-level workers and their assistants.
the north face outlet online sale Grindrod, who is still acting as the company’s president, referred comment Friday to attorney Robert Keach, the trustee for whom attorney Michael A. Fagone filed the motion. Keach and Fagone did not return messages seeking comment on Thursday and Friday.
the north face outlet online sale Tied to salaries ranging from $48,800 to $171,900, the layoffs could save MMA about $2.4 million, the documents state. Company officials have said that the company has been struggling to operate since the July accident, in which 47 people were killed when the runaway train’s crude-oil tankers exploded in Lac-Megantic, Quebec.
north face jackets “To the extent enforceable, the obligations under the [agreements] constitute an undue burden to the estate while providing no benefit,” the motion states. “Therefore, as a precaution, the Trustee has determined that rejecting the agreements is in the best interests of MMA and its estate.”
The agreements obliged the 32 workers to help the company operate during a potential sale of the company in exchange for half pay if the buyer offered them continued employment and full pay if the sale ultimately fell through.
The agreements appear to predate the bankruptcy proceeding.
Before the July 6 accident, Montreal, Maine and Atlantic Railway employed 109 people in the U.S. and 61 at its Canadian component. Fifty-eight U.S. workers and 16 Canadians were laid off after the accident because of the bankruptcy filing. Since the bankruptcy proceedings began, the company has rehired 15 U.S. and 13 Canadian workers, Keach has said.
The reconnection of the railroad tracks severed by the explosion should happen by Thanksgiving and the bankruptcy sale could happen in a few weeks, Keach said.
The bankruptcy proceeding is expected to last well into next year, although Keach has expressed hope that the families of the 47 victims can begin receiving compensation within several months. Several lawsuits on their behalf have been filed in Canada and the U.S.
Investigations into the accident’s cause, and railroad practices that might have contributed to it continue on both sides of the border.
Similar articles: 9.16.2013 Hermon-based railway's assets may be sold to cover bankruptcy costs 10.21.2013 Montreal, Maine and Atlantic Railway rehiring workers thanks to $3 million loan 10.10.2013 Creditor of bankrupt Maine railway sues for its place in payout line 7.30.2013 State making preparations should Montreal, Maine and Atlantic Railway fold 8.14.2013 Appointing a trustee to oversee MMA railroad bankruptcy may take a month, attorney says
Don’t Forget to Program Your Thermostats! Ramada Welcomes Canadians!!! Early Bird Sale! – Pyramid Studios, Jewelers in Downtown Ellsworth 15% Off with Spooktacular Savings at Pyramid Studios Happy Halloween from Evergreen Home Performance Why A Roof Inspection Is Important Bangor Humane Sociey Tricks and Treats for Pets! Happy Halloween from Pyramid Studios! 15% Off with Spooktacular Savings at Pyramid Studios Bangor Humane Pets of the Week
Read more comments →
ADVERTISEMENT | Grow your business
News
Blogs
Living
Sports
Opinion
Report: Google barge in Portland Harbor will be floating showroom for new products Police identify man accused of trespassing on Stephen King’s property OSHA fines Bangor paving company $12,400 for five ‘serious’ violations in connection with foreman’s death Glenburn teenager sought by Penobscot County Sheriff’s Office found Six camps damaged or destroyed by fire in Dedham
Portland’s marijuana vote might not make it a mile-high city — yet 10 ideas to make Maine a better place to live, work End the Ellsworth-area RSU experiment on Nov. 5 Who really wants to be No. 1 for business? Maine should flaunt what it has Saturday, Nov. 2, 2013: Rights-based ordinances, Snow Bowl vote, Bangor school budget
Resilient UMaine defensive end Mike Cole sheds injuries, blockers in assault on sacks record No. 10 UMaine football team continues title chase against defense-minded Stony Brook Bogaerts, Workman made jump from Sea Dogs to World Series titlists Friday’s high school football scores Red Sox may need to rebuild
OUT THERE Red Sox players getting custom L.L. Bean boots, Bootmobile painted red for celebration ARGUABLY 10 ideas to make Maine a better place to live, work GOING COASTAL Volcanoes on MDI? STATE & CAPITOL Second-session bill screening, by the numbers AGREE TO DISAGREE How a Democrat and Republican bond
Recent fatal accidents involving teen drivers leave license examiner, every parent shaken Bangor History Museum’s future remains uncertain after closure, top administrators resign There’s still time to stitch holidays gifts Buy local. Our sense of community depends on it. Conundrum meets wit: Rich and Grindle build boats in a barn
Blogs
Be a BDN blogger |
Browse BDN blogs
Pollways
Despite all the uproar, views of the Affordable Care Act hold steady
Postcards From A Work In Progress
Bangor's Future: A Work in Progress for City Council Candidate Josh Plourde
Oh, Honestly!
The Great Purge: Update Two
Culture Shock
5 Things To Do This Weekend, Oct. 31-Nov. 3: With an extra spooky surprise...
Dr. Tech
IronKey: The World's Most Secure USB Flash Drive
Undercover Porcupine
Is Shenna Bellows The End Of Susan Collins?
What's in the Glass
Italian Wine Dinner...at Cleonice Bistro with George Schwartz
ADVERTISEMENT | Grow your business
north face mens clothing
the north face outlet men's shoes
Advertisement

 


 
 Introducing: Raging Wool
150x150ad.gif

 T-shirts and Gifts for the Fiber-Obsessed

www.ragingwool.com

Polls

Which are you?
 
Webdesign auf Usedom and Joomla