Canadian Pacific Kansas City Maintains Canadian Rail Operations as Signal Workers Begin Strike

MT Newswires Live06-01

Canadian Pacific Kansas City (CP) said Sunday that it has activated contingency plans to maintain rail operations across Canada after members of the International Brotherhood of Electrical Workers Signals and Communications System Council No. 11 rejected its latest contract offer.

The company said the strike involves about 300 Signals and Communications employees in Canada.

Canadian Pacific Kansas City said rail service has continued without disruption.

The company said it is disappointed that a work stoppage could not be avoided, despite its proposal being consistent with the wage and benefit increases included in agreements reached with its other Canadian unions.

It added that it continues to urge the union to end the strike and accept binding arbitration, and remains hopeful that a resolution can be reached quickly.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment