Employer’s Council Executive Director Richard Alexander will speak to the Clarenville Area Chamber of Commerce on Tuesday, March 22nd about how partnerships with the private sector can help government deal with the current fiscal storm, improve services to the public, and spur economic growth. The Employer’s Council was on the West Coast this week sharing  [...]

Finance Minister Cathy Bennett and Premier Dwight Ball released the mid-year fiscal update yesterday, confirming a record breaking deficit of nearly $2 billion. The NL Employers’ Council (NLEC) is encouraging the new government to show strong leadership on this issue. The massive deficit and $12.4 billion in net debt that the province is facing are  [...]

Premier Paul Davis announced today at a press conference that government will add 360 new long term care beds through engagement with public and not-for-profit providers. In his speech, the Premier acknowledged the Employers’ Council’s call for improved outcomes in government program and service delivery, referencing both the organization’s pre-budget submission and recent Conference Board of Canada report. Increased involvement  [...]

Commitment to the creation of a sovereign wealth fund was one of the NLECs key asks in pre-budget consultations, and one of the recommendations from our Conference Board of Canada Report Achieving Sustainable Prosperity, released last week. Last night at a PC Fundraiser Premier Paul Davis announced a commitment to establishing such a fund, which  [...]

NL Employers’ Council Executive Director Richard Alexander presented to Finance Minister Ross Wiseman Friday, asking him to address the looming deficit by introducing meaningful permanent spending reforms to government program and service delivery. Alexander told Wiseman that the drop in the price of oil “could be the best thing to happen to Newfoundland Labrador.” Now  [...]

After a long lobby by the NLEC, Premier Tom Marshall announced Tuesday, September 2nd, that a deal has been reached between government and unions to reform the majority of public sector pensions in this province. This deal finally establishes a plan to eliminate the massively unfunded public sector pension and post retirement liabilities, projected to  [...]

The NLEC is encouraging the province to tackle debt, reduce spending, create a competitive tax regime and shift resources towards immigration in Budget 2014. View the NLEC’s Position Paper on 2014 Provincial Budget Priorities. Fiscal prudence Last May the NLEC held a CEO Roundtable with member CEOs from some of the largest and most successful employers  [...]

The NLEC has been an advocate for employers during the 2013 pre budget consultations. Executive Director, Richard Alexander stressed the urgency to reduce government spending and restructure the public sector pension plans. Sustainable spending now is extremely important to the future economic success of our province. The NLEC is concerned that without prudent financial management,  [...]

NLEC Executive Director Richard Alexander addressed Minister of Finance Tom Marshall Friday as part of government’s pre-budget consultations. Alexander urged government to develop an aggressive and proactive plan for debt reduction that should include evaluation and reform of the current public sector pension plan. In his opening presentation, Marshall told attendees that unfunded pension liabilities  [...]