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CP Rail and Teamsters reach 2-year deal following arbitration

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Canadian Pacific Railway and the Teamsters Canada Rail Convention (TCRC) say they’ve reached a two-year settlement following binding arbitration.

CP and the TCRC, which represents roughly 3,000 locomotive engineers, conductors, prepare and yard employees throughout Canada, agreed to enter binding arbitration in March 2022 after they have been unable to succeed in a deal attributable to excellent points round wages and pensions.

CP says the brand new settlement features a 3.5 p.c wage improve in 2022 and 2023 and elevated advantages.

“CP welcomes the conclusion of arbitration and is happy to have accomplished this settlement with the TCRC Negotiating Committee,” mentioned CP President and CEO Keith Creel. “We proceed to work with our union companions to succeed in agreements that meet the wants of our industry-leading railroaders and permit us to develop our enterprise as we offer important companies for our clients and the North American provide chain.”

Canada’s different foremost railway – CN Rail – is at present with out an settlement with the TCRC, which additionally represents greater than 3,000 CN workers. The railway’s three-year take care of the union expired in July. As of final week, the 2 sides had not began the collective bargaining course of.

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