Reported Earlier, CN Ends Lockout And Launches Recovery Plan To Expedite Economic Revival
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CNI) has ended a lockout and launched a recovery plan to expedite economic revival. The company is awaiting a formal order from the Canada Industrial Relations Board but is disappointed that a negotiated deal was not reached.
August 23, 2024 | 7:13 am
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Canadian National Railway (CNI) has ended a lockout and initiated a recovery plan to expedite economic revival. The company is awaiting a formal order from the Canada Industrial Relations Board but is disappointed that a negotiated deal was not reached.
The end of the lockout and the launch of a recovery plan are positive developments for CNI, as they allow the company to resume operations and contribute to economic recovery. The lack of a negotiated deal is a minor setback but does not overshadow the positive impact of resuming operations.
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