CN Receives 72-Hour Strike Notice From Teamsters Canada Rail Conference, Strike Set For August 26; CN Criticizes Teamsters For Disrupting Economy Despite Recent Lockout End And Good Faith Negotiations
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CN) has received a 72-hour strike notice from the Teamsters Canada Rail Conference, with the strike set to begin on August 26. CN has criticized the Teamsters for potentially disrupting the economy, especially after a recent lockout ended and negotiations were conducted in good faith.
August 23, 2024 | 5:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Canadian National Railway (CNI) is facing a potential strike by the Teamsters Canada Rail Conference, which could disrupt operations and impact the economy. The strike is set for August 26, following a recent lockout and negotiations.
The strike notice from the Teamsters Canada Rail Conference is likely to disrupt CN's operations, potentially affecting its stock price negatively in the short term. The timing, following a recent lockout and negotiations, adds to the uncertainty and potential impact on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90