Employers can ask unions to re-open collective agreements mid-term to reflect market reality — but there are hurdles (such as getting unions to agree)
Scarcely a week into 2009, Canadians learned the economy was in recession. We have now endured a full six months of pain and suffering, and although there are rare success stories and the Bank of Canada expects the country to exit the recession in the next quarter, the economic streetscape is littered with bankrupt companies and job losses.
