Friday, November 28th-6.5°C
24302
24056

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

23457


Recent Trending




Today's Market
S&P TSX14744.70-177.74
S&P CDNX741.87-13.53
DJIA17828.240.49
Nasdaq4791.63+4.312
S&P 5002067.56-5.27
CDN Dollar0.8756-0.0004
Gold1175.20-21.40
Oil66.15-7.54
Lumber329.40+1.40
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.145-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27-0.07
Cantex0.04-0.005
Anavex Life Sciences0.1998+0.0288
Metalex Ventures0.06+0.02
Russel Metals29.91-0.79
Copper Mountain Mining1.94-0.18
Colorado Resources0.125-0.005
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.05+0.005
Mission Ready Services0.325+0.005

 
24130


24242

FEATURED Property
21330351940 Horizon Drive
5 bedrooms 4 baths
$529,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24207

24156


Member of BC Press Council


24227