CHCH's parent company says it has reached a settlement with the union representing workers who were laid off en masse in 2015.
Channel Zero, announced the deal, which is for $1 million to be paid out over two years, on Monday afternoon.
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"The total settlement amount of $1,000,001 paid out over two years and earmarked to pay wages, termination pay and severance pay owing to the former employees, is substantial, but at the same time will not subject CHCH to such a financial burden that it might jeopardize the station's operations," said Chris Fuoco, vice president of sales and marketing for Channel Zero, in a statement.
"The station will continue to serve its viewers and advertisers as it has for over 60 years."
A representative from Unifor, the union that represents the former CHCH workers, could not immediately be reached for comment.
The station was left reeling after 129 full-time and 38 part-time personalities, reporters and other staff had their jobs terminated just before the holidays back in 2015.
A much smaller team has been running the newsroom since then. Several CHCH shows were cancelled and local news coverage cut back.
Employees downsized said they received no severance at the time. That included long-time reporters and on-air personalities, including Matt Hayes, Scot Urquhart, Donna Skelly and Mark Hebscher.
More to come.