CN conductors' strike averted after company and Teamsters union reach new tentative labour agreement
MONTREAL, Feb. 5, 2014 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that it has reached a new tentative collective agreement with the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons (TCRC-CTY).
The parties' negotiation of a new tentative agreement averts a threatened strike by the union at 0001 hours Eastern Standard Time Feb. 8, 2014. The TCRC-CTY represents approximately 3,000 CN train conductors, trainpersons, yardpersons and traffic coordinators on CN's network in Canada.
Details of the three-year labour contract are being withheld pending ratification.
Jim Vena, CN executive vice-president and chief operating officer, said: "We commend the leadership of the TCRC-CTY for reaching consensus with the company and averting a possible strike. This will ensure continued service to our customers in a very challenging environment where extreme winter conditions have hampered CN operations and affected service levels.
"CN has offered to work closely with the union leadership to explain the terms of the agreement to union members over the next 45 days to help ensure a successful ratification of the agreement."
CN is a true backbone of the economy, transporting approximately C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN - Canadian National Railway Company, along with its operating railway subsidiaries -- serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
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