Canadian Pacific Kansas City Issues Notice To The TCRC – T&E Division And TCRC - RCTC Division Of Its Plan To Lock Out Employees On Aug. 22 If Union Leadership And The Company Are Unable To Come To A Negotiated Settlement Or Agree To Binding Interest Arbitration
Portfolio Pulse from Benzinga Newsdesk
Canadian Pacific Kansas City (CPKC) has issued a notice to the Teamsters Canada Rail Conference (TCRC) divisions of its plan to lock out employees on Aug. 22 if a settlement or binding arbitration is not reached. This follows a decision by the Canada Industrial Relations Board (CIRB) that no services need to be maintained during a railway strike or lockout to protect public health and safety.

August 09, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Canadian Pacific Kansas City (CPKC) has issued a lockout notice to the TCRC divisions, potentially leading to a lockout on Aug. 22 if no settlement is reached. This follows a CIRB decision allowing for a legal strike or lockout.
The potential lockout could disrupt operations and negatively impact CPKC's stock price in the short term. The CIRB decision adds to the uncertainty, making a strike or lockout more likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100