CN Rail and its employees give talks one last try
MONTREAL - CN Rail (TSX:CNR) and its yard workers and train crews are going to try one last time to negotiate a new contract after already failing twice.
CN says the union representing the three-thousand workers, the Teamsters Canada Rail Conference, has agreed to resume talks.
CN says both sides have agreed the dispute will go to binding arbitration if negotiations fail.
The workers rejected a second tentative contract on Thursday after turning down one in January.
They were poised to take job action last month but the Harper government short circuited the threat by saying it would bring in back-to-work legislation.
CN president and chief executive officer Claude Mongeau says the two sides will meet next week.
"I am very pleased that the Teamsters have accepted our offer to negotiate a settlement," he said in a statement released Saturday night.
Hours of work and contract language are the main unresolved issues.
CN says it transports about $250 billion worth of goods annually for a wide range of business, including natural resources and consumer goods.
Note to readers: This is a corrected story, a previous version wrongly said the workers rejected a tentative contract last year. They rejected it in January
Read more Business News
- Hundreds run for Terry FoxKelowna - 2:01 pm
- 4th Thanksgiving food driveKelowna - 8:38 am
- Curtain falls on costume shopKamloops - 8:28 am
- Gas plant exemption exposedBC - 7:10 am
|QHR Technologies Inc||1.30||0.00|
|Anavex Life Sciences||0.24||0.00|
|Copper Mountain Mining||2.88||+0.12|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.265||-0.01|
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...
You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...