Laurentian University recently completed final severance payouts to former employees. These payments arrived years after their 2021 termination during CCAA restructuring. Creditors, including former staff, received 25 percent of their original owed amounts. The university sold property for $53.5 million to fund these distributions. This marks the final step in a lengthy and difficult insolvency process.
Sudbury, Ontario
https://www.sudbury.com/local-news/five-years-after-ccaa-layoffs-terminated-laurentian-employees-finally-receive-payouts-12391438