Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) has been advised that the Canada Industrial Relations Board (CIRB) has changed the dates for voting on CP's final proposals – for both the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) – voting will now begin on Friday, May 18 at 9 am Eastern and close Friday, May 25 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 continues to focus on achieving fair and balanced pattern agreements, consistent with long-term collective agreements recently ratified 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.
CP has launched a fact-based website with the details of the final offers presented, available here: www.cpofferinfo.ca
This is a 16 May 2018 news release by Canadian Pacific.