Stakeholders express relief, frustration in response to approval of Laurentian’s plan of arrangement

Following the recent approval of Laurentian University’s plan of arrangement, stakeholders have shared their response to the news. President of the Laurentian University Faculty Association Fabrice Colin called the approval “the beginning of a new chapter for Laurentian University.” Jeff Bangs, Chair of Laurentian’s Board of Governors, stated that he was relieved by the results, but that a lot of outreach work needs to be done with those hurt by the situation if Laurentian is to return to being a thriving university. Some former Laurentian employees who were laid off in 2021 expressed disappointment with the terms of the agreement, as the approval will see most creditors receive only up to 24% percent of what they were owed. CBC| Toronto Star Note: Archived stories may contain dead links or be missing source links.