Monday, December 22nd5.2°C
24563
24390

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

23015


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8626+0.001
Gold1197.90+2.00
Oil56.50+2.39
Lumber338.00-0.70
Natural Gas3.266-0.198

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
24130


24605

FEATURED Property
20526731999 Hwy 97 S
2 bedrooms 2 baths
$124,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24586

24386


Member of BC Press Council


24333