CPKC and IBEW agree to binding arbitration ending strike
Rhea-AI Summary
Canadian Pacific Kansas City (TSX: CP, NYSE: CP) announced that the International Brotherhood of Electrical Workers Canadian Signals and Communications System Council No. 11 has agreed to enter binding arbitration, ending the strike that began on May 31. The union represents about 300 Signals & Communications employees across Canada, who are welcomed back to work starting Monday morning, August 24.
Positive
- Strike by approximately 300 Signals & Communications employees to end via binding arbitration
- Employee return to work scheduled for August 24, stabilizing Canadian operations
Negative
- None.
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The IBEW represents approximately 300 Signals & Communications employees across
We welcome our employees back to work beginning Monday morning, Aug. 24.
About CPKC
With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing approximately 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

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SOURCE CPKC