The latest developments in the lockout at Canada’s two biggest railways
By The Canadian Press on August 22, 2024.
In the culmination of months of increasingly bitter negotiations, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out 9,300 engineers, conductors and yard workers after the parties failed to agree on a new contract before the midnight deadline. Here are the latest developments on the rail stoppage (all times are ET): – – – 12:16 a.m.: Canadian Pacific Kansas City issues statement calling for the union to accept its offer to resolve the labour dispute with binding arbitration. The company says it does not believe a negotiated outcome is within reach. The railway says binding arbitration would end the work stoppage and mitigate further harm and disruption to supply chains and the economy. – – 12:01 a.m.: Both companies lock out workers bringing rail traffic at Canada’s two largest railways to a halt. This report by The Canadian Press was first published Aug. 22, 2024. Companies in this story: (TSX:CNR, TSX:CP) 11-10
