CALGARY, Nov. 30, 2012 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) and the Canadian Pacific Police Association (CPPA), representing approximately 60 members of the company's police service, today announced they have reached a tentative five-year collective agreement.
"I am pleased we were able to reach agreement with our railway police, the third tentative agreement or ratified contract in a matter of weeks," said President and Chief Executive Officer, E. Hunter Harrison.
In addition to the CPPA, a tentative five-year agreement was reached with the International Brotherhood of Electrical Workers (IBEW) on November 15, while members of the United Steelworkers ratified a five-year contract on November 8.
The CPPA Memorandum of Settlement will be sent to the union membership for ratification in December.
Details of the agreement will be available following ratification.
SOURCE Canadian Pacific