Reported Sunday, CN Announces Lockout Notice To Teamsters, Network Shutdown Looms As Negotiations Fail To Progress
Portfolio Pulse from Benzinga Newsdesk
CN has issued a lockout notice to the Teamsters Canada Rail Conference, with a network shutdown looming as negotiations fail to progress. The lockout is set to begin on Aug. 22 unless an agreement or binding arbitration is reached.
August 19, 2024 | 6:40 am
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CN has issued a lockout notice to the Teamsters Canada Rail Conference, with a network shutdown looming as negotiations fail to progress. The lockout is set to begin on Aug. 22 unless an agreement or binding arbitration is reached.
The potential lockout and network shutdown could significantly disrupt CN's operations, leading to potential revenue losses and negative investor sentiment. This labor issue is critical and directly impacts CN's stock price.
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