Canadian National Railway Locks Out Teamsters Canada Rail Conference Members Amid Failed Negotiations
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CN) has locked out Teamsters Canada Rail Conference members after failed negotiations. CN's offer included improved wages and reduced workdays, but the union did not respond, leading to a lockout.
August 22, 2024 | 6:28 am
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Canadian National Railway (CNI) has locked out Teamsters Canada Rail Conference members due to failed negotiations. The lockout follows an unresponded offer that included improved wages and reduced workdays.
The lockout of Teamsters Canada Rail Conference members by CN is likely to disrupt operations, potentially affecting revenues and stock prices negatively in the short term. Labor disputes can lead to operational inefficiencies and increased costs.
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