Categories: Stocks / ETFs

CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms By Reuters


By Promit Mukherjee

OTTAWA (Reuters) – Canadian National Railway (TSX:), one of Canada’s two main rail companies, formally notified the Teamsters union in Canada on Sunday that it would start locking out union workers early on Thursday.

“Unless there is an immediate and definite resolution to the labour conflict, CN will have no choice but to continue the phased and progressive shutdown of its network which would culminate in a lockout,” it said in a statement.

“Despite negotiations over the weekend, no meaningful progress has occurred, and the parties remain very far apart.”

Canada’s other main rail operator, Canadian Pacific (NYSE:) Kansas City, has already told the Teamsters union it will start locking out members early on Thursday. This means the vast majority of rail transit of goods in Canada would grind to a halt by Thursday, barring last-minute labour agreements between the companies and their respective arms of the Teamsters’ union.

Separately, Teamsters also issued a 72-hour strike notice to CPKC late on Sunday.

“Unless parties reach last-minute agreements, a work stoppage will occur at 00:01 on Thursday, August 22,” it said in a statement.

The companies and the union accuse each other of bad faith in the talks. The teamsters say CN Rail and CPKC are seeking concessions that could endanger worker safety, a charge both the operators deny.

The federal Liberal government has so far dismissed pleas from business groups to intervene, saying it wants the companies and the union to sort out their differences via negotiations.



Source link

admin2

Share
Published by
admin2

Recent Posts

Officers recently killed in line of duty represent ‘disturbing trend,’ police say

Canadians who have worked in law enforcement are concerned with recent on-duty police officer deaths…

13 minutes ago

Missing jet-skier in South Saskatchewan River identified by Saskatoon police

Descrease article font size Increase article font size The man who went over the weir…

3 hours ago

Can Active Management Make a Difference With Municipal Bonds?

In broad terms, there appears to be little headline risk facing advisors and income investors…

3 hours ago

Why do the UK’s prime ministers keep resigning? | Government

Keir Starmer is the latest to step down, after less than two years in office.From…

4 hours ago

Pantera Leads $6 Million TurboFlow Seed Round As Prediction

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR …

4 hours ago

Former Fredericton police officer charged with perjury, breach of trust – New Brunswick

By Eli Ridder The Canadian Press Posted June 23, 2026 11:08 am 1 min read…

6 hours ago