CIRB sets dates for TCRC-Train & Engine and IBEW ratification vote

May 2, 2018

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) has been advised by the Canada Industrial Relations Board (CIRB) that voting on CP's final proposals – for both the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) – will begin on Monday, May 14 at 9 am Eastern and close Wednesday, May 23 at noon Eastern.

In the event that final offers are accepted, the potential for a work stoppage will have been averted. If the final offers are not accepted, following the announcement of the vote results, a minimum of 72 hours' notice will need to be provided before any work stoppage, including a strike or potential company lockout, could occur.

CP's efforts have been to build on the momentum created with the patterned framework that led to the successful negotiation of long-term collective agreements on both sides of the border.

There are approximately 3,000 conductors and engineers represented by the TCRC. Approximately 360 signal maintainers are represented by the IBEW.

This is a 1 May 2018 news release by Canadian Pacific.

Topic(s)

Freight & Transport

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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