CN Reaches New Tentative Collective Agreement with IBEW

Rhea-AI Summary

CN (TSX: CNR) (NYSE: CNI) has announced reaching a new tentative four-year collective agreement with the International Brotherhood of Electric Workers (IBEW). The agreement covers approximately 750 Signals and Communication employees across Canada. The previous collective agreement expired on December 31, 2024. Details of the new agreement will remain confidential until ratification.

AI-generated analysis. Not financial advice.

Positive

• Successful negotiation of a new four-year labor agreement, ensuring workforce stability
• Agreement reached without work disruption or operational impact

Negative

• None.

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On the day this news was published, CNI declined 1.55%, reflecting a mild negative market reaction.

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MONTREAL, Jan. 28, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that a new tentative four-year collective agreement has been reached with International Brotherhood of Electric Workers (IBEW). The union represents approximately 750 Signals and Communication employees at CN across Canada.

No details of the tentative agreement will be released publicly until the agreement is ratified. The current collective agreement with IBEW expired on December 31, 2024.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:
Media	Investment Community
Ashley Michnowski	Stacy Alderson
Senior Manager	Assistant Vice-President
Media Relations	Investor Relations
(438) 596-4329	(514) 399-0052
media@cn.ca	investor.relations@cn.ca

FAQ

How many CN employees are covered by the new IBEW agreement in 2025?

The new collective agreement covers approximately 750 Signals and Communication employees across Canada.

When did CN's previous collective agreement with IBEW expire?

The previous collective agreement with IBEW expired on December 31, 2024.

How long is the new tentative agreement between CN (CNI) and IBEW?

The new tentative agreement between CN and IBEW is a four-year collective agreement.

When will the details of CN's new IBEW agreement be made public?

The details of the tentative agreement will not be released publicly until after the agreement is ratified.