CPKC locks out TCRC employees, moves to full shut down of Canadian rail network
That will be followed by the lock out of employees who are members of the TCRC – Rail Traffic Controller (RCTC) division effective
Throughout nearly a year of negotiations, CPKC has remained committed to doing its part to avoid this work stoppage. CPKC has bargained in good faith, but despite our best efforts, it is clear that a negotiated outcome with the TCRC is not within reach. The TCRC leadership continues to make unrealistic demands that would fundamentally impair the railway's ability to serve our customers with a reliable and cost-competitive transportation service.
At this time, the responsible path forward for the union, the company, our customers, the Canadian economy and North American supply chains and the public interest is for TCRC and CPKC to engage in binding arbitration to resolve all outstanding disputes. Binding arbitration is an effective, reasonable and fair process that ultimately has been used many times in the past to resolve disputes with this union. CPKC reiterates its standing offer to resolve this matter through binding arbitration. Acceptance of that offer by the TCRC would immediately end this work stoppage and mitigate further harm and disruption to supply chains and our economy.
CPKC has an excellent history of successful collective bargaining with its many unions. Unfortunately, the TCRC leadership has repeatedly demonstrated this type of behaviour, which ultimately has required federal intervention in some form in nine of the 10 rounds of collective bargaining negotiations since 1993. By contrast, over the same period, we have had 36 rounds of negotiations with four other unions in
We fully understand and appreciate what this work stoppage means for Canadians and our economy. CPKC is acting to protect
For the TCRC – T&E division, the company has focused on negotiating a three-year status-quo contract renewal with competitive wage increases that are consistent with recent settlements with other railway unions. That proposal has no work rule changes. In fact, we presented an enhanced final offer to avoid a work stoppage that includes: enhanced wages that exceed inflation, an engineers' guaranteed extra board, increased shift differentials, and resetting rest only at the home terminal, among other items that the TCRC negotiating committee requested. The only item we wish to negotiate remains reasonable adjustments to the timing of held-away from home pay that resets the negotiated buffers that existed before
For the TCRC - RCTC division, CPKC has proposed a renewed agreement with the rail traffic controllers that would deliver competitive wage increases.
The TCRC - T&E represents CPKC's roughly 3,200 locomotive engineers, conductors and train and yard workers, and the TCRC - RCTC represents approximately 80 rail traffic controllers, all in
Working closely with customers, CPKC has executed a safe and structured shutdown of its train operations across
Visit the TCRC update page on our web site for ongoing updates.
Forward looking information
This news release contains certain forward-looking information within the meaning of applicable securities laws in both the
Undue reliance should not be placed on forward-looking information as actual results may differ materially from the forward-looking information. Forward-looking information is not a guarantee of future performance. By its nature, CPKC's forward-looking information involves numerous assumptions, inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking information, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CPKC; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CPKC with securities regulators in
About CPKC
With its global headquarters in
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SOURCE CPKC