Adjustment Assistance for Eligible Manufacturers (continued)
11 Any security given for a loan or guarantee provided pursuant to section 8 may, with the approval of the Board or such advisory or other committee as the Minister of Industry, Trade and Commerce may designate for the purpose, be surrendered, retransferred or reconveyed in exchange for other security.
12 The Board shall keep such records and books and make such reports on its automotive adjustment assistance activities from time to time as the Minister of Industry, Trade and Commerce may require.
Adjustment Assistance for Employees
(a) 10 per cent of the work force or 50 employees, whichever is less, of
(i) an eligible manufacturer or of a particular branch or subdivision of his undertaking,
(ii) a manufacturer in Canada of automobiles or of a particular branch or subdivision of his undertaking, or
(iii) a particular branch or subdivision in Canada of the undertaking of a manufacturer of automobiles
have been or will be laid off for a period of four weeks or more, and
(b) the lay-off, or a proportion thereof determined by the Board, was or will be caused by the termination or decrease of production or other activity arising from the implementation of the automotive program,
the Board shall so certify to the Department of Labour.
(2) A certificate issued by the Board under subsection (1) shall contain
(a) a list of the employees affected by the lay-off, together with their Social Insurance Numbers and their addresses, and
(b) the effective date of the lay-off,
and shall state
(c) in respect of each employee named in the certificate, whether or not he is affected by a supplemental unemployment benefit plan in force at the time the certificate is issued; and
(d) in respect of each employee referred to in paragraph (a) who is so affected, the amount of the benefit to which such employee would be entitled under the supplemental unemployment benefit plan.
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