Sears Canada to compromise on benefit cuts

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBElzZp.img?h=100&w=100&m=6&q=60&o=f&l=f&x=397&y=299TORONTO - A court-appointed monitor says Sears Canada, its lenders and lawyers for employees have reached a compromise that could allow the company to continue paying certain health benefits and special pension payments up to the end of September. A monitor's report filed this morning was prepared for a hearing at the Ontario Superior Court, which granted Sears Canada temporary protection from creditors three weeks ago. Sears Canada had initially ...

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