MONTREAL, May 29, 2017 /CNW/ - CN (TSX: CNR) (NYSE: CNI) announced today that it has reached a tentative agreement with the Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons (TCRC-CTY) to renew the labour contract for approximately 3,000 CN conductors and yard operations employees in Canada.
Details of the agreement are being withheld pending ratification by TCRC members, a process expected to take approximately 60 days.
Mike Cory, CN executive vice-president and chief operating officer, said: "CN is very pleased to have reached this settlement with TCRC-CTY without a service disruption. This new agreement reinforces CN's commitment to working together with our employees and their representatives to address workplace issues in a mutually beneficial manner."
CN is a true backbone of the economy, transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,00 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
For further information: Media: Patrick Waldron, Senior Manager, Media Relations, (514) 399-8803; Investment Community: Paul Butcher, Vice-President, Investor Relations, (514) 399-0052