logo
Share SHARE
FONT-SIZE Plus   Neg

CN Reaches Tentative Deal With IBEW System Council 11 To Renew Labour Contract

Canadian National Railway Co. (CNI, CNR.TO) announced Friday that it has reached a tentative agreement with the International Brotherhood of Electrical Workers or IBEW System Council 11 to renew the labour contract for approximately 700 CN signals and communications employees in Canada.

Details of the agreement - negotiated prior to the expiry of the current contract on December 31, 2012 -- are being withheld pending ratification by the union's membership.

The company expects to hear the results of the union's ratification vote before the end of January 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT