CN Secures Binding Arbitration to Resolve Labor Dispute
CN Secures Binding Arbitration to Resolve Labor Dispute
CN (TSX: CNR) (NYSE: CNI) has recently received an order from the Canada Industrial Relations Board (CIRB) that mandates binding arbitration between the Company and the Teamsters Canada Rail Conference (TCRC). This significant decision is aimed at resolving ongoing labor negotiations.
Details of the Arbitration Order
The CIRB has stipulated that no further labor stoppages, including lockouts or strikes, can occur during the arbitration process. Consequently, the strike notice that was recently issued to CN by the Teamsters has been rendered void, allowing operations to continue without interruption.
Commitment to Compliance
CN has affirmed its commitment to comply with the CIRB's order, which also extends the current collective agreement until a new agreement is finalized between the parties involved. This measure aims to provide stability during a pivotal time for labor relations.
Negotiation Efforts and Outcomes
Over the past nine months, CN has engaged in good faith negotiations in an effort to arrive at a mutually agreeable deal. Throughout these discussions, the Company consistently presented proposals that included better pay, improved rest periods, more predictable work schedules, and a voluntary mobile workforce.
Addressing Supply Chain Concerns
While CN expresses disappointment that an agreement could not be reached at the bargaining table, the Company acknowledges that the CIRB's arbitration order effectively mitigates the unpredictability that has adversely affected supply chains for several months. As a result, CN remains focused on safely resuming the transport of goods in the most efficient manner possible.
About CN
CN plays a crucial role in powering the economy by safely transporting over 300 million tons of natural resources, manufactured products, and finished goods throughout North America annually. With its expansive rail network spanning nearly 20,000 miles, CN connects Canada’s Eastern and Western coasts to the U.S. Midwest and the Gulf of Mexico. This connectivity has made a significant contribution to sustainable trade and the economic prosperity of its operational communities since 1919.
Contact Information
Media Contacts
Jonathan Abecassis
Director, Public Affairs and Media Relations
(438) 455-3692
media@cn.ca
Investment Community Contacts
Stacy Alderson
Assistant Vice-President, Investor Relations
(514) 399-0052
investor.relations@cn.ca
Frequently Asked Questions
What led to the binding arbitration order for CN?
The order was issued by the Canada Industrial Relations Board to resolve ongoing labor negotiations between CN and the Teamsters Canada Rail Conference.
What does the arbitration order prevent?
The order prohibits any further labor stoppages, including strikes or lockouts, during the arbitration process.
How long will the current collective agreement remain in effect?
The current collective agreement is extended until a new agreement is signed by both CN and the Teamsters.
What are the main negotiation points CN has proposed?
CN has proposed better pay, enhanced rest periods, more predictable schedules, and a voluntary mobile workforce throughout the negotiation process.
What is CN's focus moving forward after this order?
CN is focused on safely resuming the movement of goods and restoring efficiency to supply chain operations.
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