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Friday, March 19, 2010

CN Obtains Resolution Of Labour Issues With Locomotive Engineers In Canada

Source: CN (Press Release)

CN (TSX:CNR) (NYSE:CNI) announces that it received yesterday, and will begin implementing, Arbitrator Andrew Sims' arbitration ruling setting the terms and conditions of a new three-year collective agreement between CN and the Teamsters Canada Rail Conference (TCRC), representing 1,700 locomotive engineers in Canada.

The decision, whose terms are retroactive to January 1, 2009, expires on Dec. 31, 2011. It provides a 1.8 per cent wage increase in 2009, 2.4 per cent in 2010, and 2.6 per cent in 2011, as well as dental plan benefit improvements that come into effect on April 1, 2010.

“With a secure labour agreement in place, we will now work to re-establish a positive dialogue with the TCRC, focusing on issues of common interest for the company, its employees and its customers,” said Claude Mongeau, president and chief executive officer.

Sims was appointed by the federal government in December 2009 to arbitrate the CN-TCRC contract dispute, after the company and union agreed to further negotiations and binding arbitration of wages and benefits if renewed talks failed. The parties' agreement ended a five-day strike by locomotive engineers.

See Also: CN Selects Children's Hospital Foundation Of Manitoba As Community Charity For 2010 CN Canadian Women's Open / CN Announces New $100-million Calgary Logistics Park / Arbitrator To Decide Wage And Benefit Issues For CN Locomotive Engineers / CN Signs Voluntary Mitigation Agreement With The Village Of Plainfield / CN Locomotive Engineers' Strike To End Immediately After Company And Union Reach Agreement / CN Makes New Offer To Locomotive Engineers' Union In An Effort To End The Strike In Canada / Talks Between CN And Locomotive Engineers' Union In Canada Break Off With No Settlement / CN Receives Strike Notice From Union Representing Locomotive Engineers In Canada / CN To Implement Wage Increase And Milage Cap For It's Canadian Engineers / CN Reaches 20th Voluntary Mitigation Agreement (VMA), Makes Substantial Strides In EJ&E Integration

Model Train Items: Trainline HO Scale EMD GP-9M Locomotive - Canadian National / Bachmann HO Scale 2-6-0 Mogul Locomotive - Canadian National

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