Friday, October 31st10.2°C
23696
23371

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

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14613.32+154.63
S&P CDNX769.59-2.06
DJIA17390.52195.10
Nasdaq4630.742+64.604
S&P 5002018.05+23.40
CDN Dollar0.8876-0.0058
Gold1166.30-32.2999
Oil80.55-0.35
Lumber325.70+2.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.125+0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.18+0.03
Cantex0.045-0.015
Anavex Life Sciences0.185+0.0139
Metalex Ventures0.03-0.005
Russel Metals32.85+0.63
Copper Mountain Mining2.09+0.12
Colorado Resources0.125-0.015
ReliaBrand Inc0.015+0.003
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.39+0.015

 



23630

FEATURED Property
210675214 - 600 Boyton place
3 bedrooms 3 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22771