Canadian National Railway Company (CNR.TO,CNI) has formally locked out employees represented by the Teamsters Canada Rail Conference as of Aug. 22, after the union did not respond to another offer by CN in a final attempt to avoid a labour disruption. The company this offer improved wages and would have seen employees work less days in a month by aligning hours of service in the collective agreement with federally mandated rest provisions.
Canadian National Railway Company stated that, without an agreement or binding arbitration, it had no choice but to finalize a safe and orderly shutdown and proceed with a lockout. The company urged the Teamsters to engage in negotiations with the urgency and importance that the situation requires.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.