Canadian Pacific Railway Limited announced that Unifor members have ratified a new two-year collective agreement covering approximately 1,200 CP mechanical employees in Canada. "This negotiated agreement is the result of hard work by all involved. We thank Unifor for working collaboratively with us throughout this process," said Keith Creel, CP’s President and CEO. "Ratifying this agreement is a positive step for our mechanical employees and another example of CP’s willingness to negotiate in good faith with our union partners." Unifor represents CP’s mechanical responsible for maintaining rail cars and locomotives. CP has successfully negotiated three tentative collective agreements with its unions in 2023, including this the one with Unifor announced in January and ratified this month, the company said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CP:
- North American rail traffic down 4.3% for the week ending February 11
- Canadian Pacific, United Steelworkers Local 1976 reach tentative agreement
- North American rail traffic down 1.3% for the week ending February 4
- Canadian Pacific price target raised to $90 from $86 at Barclays
- Canadian Pacific reports new record January for Canadian grain transport volume