Earliest Teamsters could strike CN is Saturday, Feb. 8, 2014, at 0001 hours
MONTREAL, Feb. 5, 2014 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) said today the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons (TCRC-CTY), which represents approximately 3,000 CN train and yard operations employees in Canada, has given the company 72 hours' notice of its intention to strike the railway at 0001 hours Eastern Standard Time on Feb. 8, 2014.
Jim Vena, CN executive vice-president and chief operating officer, said: "Unfortunately, after only two days of discussions following the news that the Teamsters union had failed to ratify tentative agreements reached last October, the TCRC-CTY suddenly served a 72-hour strike notice to CN Tuesday evening. We plan to return to the table today with the assistance of federal mediators and will decide our next steps at the end of the day if we fail to reach an agreement with the union."
CN (TSX: CNR) (NYSE: CNI) 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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