4/18/2018

Rail News: Canadian Pacific

Canadian Pacific has received a 72-hour notice from the Teamsters Canada Rail Conference-Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) of their respective plans to strike on April 21.



CP has been working with both unions to reach a negotiated settlement "in the best best interests of the entire CP family, its customers, shareholders and the broader North American economy," CP officials said today in a press release.



"Serving a strike notice is part of the bargaining process that unions must follow if they want to be able to strike," said CP President and Chief Executive Officer Keith Creel. "We remain committed to achieving a win-win solution and urge the two unions to work closely with us and the federal mediators to achieve a positive outcome as soon as possible in the hours leading up to the deadline."



CP made "significant movement in bargaining" with TCRC on Monday, presenting the union with new progressive three- and five-year agreement options, Class I officials said.



CP will meet with IBEW later today and is presenting the union with streamlined three-year and five-year agreements for consideration, they added.



