Friday, May 22, 2015

Day of Reckoning: Bills pile up for Ontario Federation of Labour

Ontario Federation of Labour president Sid Ryan
The Ontario Federation of Labour is so cash-strapped that is has been assigned a financial administrator to oversee its affairs, the Star has learned.

With millions of dollars in dues lost because of complaints about the way the umbrella labour group is being run, the OFL is barely able to keep its head above water as the bills pile up.

According to an email obtained by the Star, the organization has $1 million in outstanding payments, a budget shortfall of $200,000 for the first six months of this fiscal year, and a $250,000 credit line that’s maxed out most weeks.

“In fact the credit line is what we have been using to pay the OFL payroll and bill payments for over a year,” the OFL’s secretary-treasurer Nancy Hutchison said in the email to union leaders dated March 26.  (more...)

Further developments:

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