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Channel Zero reaches final settlement in CHCH restructuring dispute

Channel Zero has reached a settlement with Unifor in the dispute over the 2015 restructuring of CHCH.

The two parties have signed off on $1,000,001 to be paid out over a two-year period for the specific purpose of paying wages, termination pay and severance pay to former employees.

READ MORE: Employees looking for answers after mass layoffs at CHCH

At the time of the restructuring, the TV station reported that 71 people were offered a new job under a new company, while another 96 were laid off.

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WATCH: Ottawa investigating CHCH’s lack of severance paid to employees (March 2016)

Click to play video: 'Ottawa investigating CHCH’s lack of severance paid to employees'
Ottawa investigating CHCH’s lack of severance paid to employees

Channel Zero calls the settlement amount substantial, but in a release states that it will not jeopardize operations at CHCH.

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