CN announced that on December 23, 2022, the Teamsters Canada Rail Conference ratified a new collective agreement. The agreement covers approximately 160 rail traffic controllers in Canada. "We are pleased to have negotiated a new collective agreement before the expiry of the previous one. We are committed to working with our railroaders and their union representatives to create a workplace where employees thrive and together, we deliver better and safer service to our valued customers," said Tracy Robinson, President and Chief Executive Officer, CN. The agreement came into effect on January 1, 2023 and includes adjustments to wages of 3% in 2023, 3% in 2024 and 2.5% in 2025 and other benefits. The agreement is in effect until December 31, 2025.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CNI:
- North American rail traffic down 5.1% for the week ending December 24
- North American rail traffic down 2.9% for the week ending December 17
- Canadian National price target raised to C$175 from C$173 at National Bank
- CN Recognizes 58 Customers and Supply Chain Partners that Drive Sustainable Business Practices under CN’s EcoConnexions Partnership Program
- Canadian National downgraded to Neutral on valuation at CIBC
