Saturday, October 25th6.6°C
23711
23129

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

23891


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23890

FEATURED Property
20918391669 Autumn Road
6 bedrooms 4 baths
$624,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


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...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707