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
- Rifle stolen from truckVernon / N. Okanagan - 4:47 pm
- RCMP truck goes off cliffVernon / N. Okanagan - 4:38 pm
- Stalking cougars killedVernon / N. Okanagan - 1:07 pm
- Cougars in your backyard?Poll - 5:00 pm
|QHR Technologies Inc||1.23||+0.01|
|Anavex Life Sciences||0.185||-0.01|
|Copper Mountain Mining||2.52||+0.11|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.34||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...