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CPKC locks out TCRC employees, moves to full shut down of Canadian rail network
CPKC locks out TCRC employees, moves to full shut down of Canadian rail network Canada ...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n\n\n\n CPKC locks out TCRC employees, moves to full shut down of Canadian rail network\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 22, 2024\n \n\n /PRNewswire/ -- Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&E) division effective\n \n 00:01 Eastern Time\n \n on\n \n Aug. 22\n \n .\n \n\n That will be followed by the lock out of employees who are members of the TCRC – Rail Traffic Controller (RCTC) division effective\n \n 00:01 Mountain Time\n \n on\n \n Aug. 22\n \n .\n \n\n Throughout nearly a year of negotiations, CPKC has remained committed to doing its part to avoid this work stoppage. CPKC has bargained in good faith, but despite our best efforts, it is clear that a negotiated outcome with the TCRC is not within reach. The TCRC leadership continues to make unrealistic demands that would fundamentally impair the railway's ability to serve our customers with a reliable and cost-competitive transportation service.\n \n\n At this time, the responsible path forward for the union, the company, our customers, the Canadian economy and North American supply chains and the public interest is for TCRC and CPKC to engage in binding arbitration to resolve all outstanding disputes. Binding arbitration is an effective, reasonable and fair process that ultimately has been used many times in the past to resolve disputes with this union. CPKC reiterates its standing offer to resolve this matter through binding arbitration. Acceptance of that offer by the TCRC would immediately end this work stoppage and mitigate further harm and disruption to supply chains and our economy.\n \n\n CPKC has an excellent history of successful collective bargaining with its many unions. Unfortunately, the TCRC leadership has repeatedly demonstrated this type of behaviour, which ultimately has required federal intervention in some form in nine of the 10 ro...