Canadian Pacific Railway announced a tentative four-year agreement with its conductors and locomotive engineers, potentially ending the strike less than 24 hours after it began.
Details of the agreement will be presented to Teamsters Canada Rail Conference (TCRC) membership for ratification. Approximately 3,000 engineers and conductors are represented by the TCRC.
"This is a positive result for our TCRC employees and their families, the 12,000-strong CP family, our customers and the entire Canadian economy," said CP president-CEO Keith Creel in a May 30 news release.
"It is especially meaningful to achieve a four-year tentative agreement with our valued locomotive engineers and conductors, providing long-term stability for all parties involved. This is a significant step toward a renewed positive relationship growing forward together serving our customers and the Canadian economy."
"We have had the discussion that needed to take place," said TCRC president Doug Finnson."This is a solid step in re-establishing a positive business relationship and moving forward."
In a joint news release, both parties acknowledged the efforts of Federal Mediation and Conciliation Services throughout this process. No further details were available.
Earlier today, CP announced that Budd Car passenger service between Sudbury and White River was being resumed on May 31 after a tentative agreement was reached between CP and the International Brotherhood of Electrical Workers.
