CPR and CAW-TCA announce ratification of three-year contract with 2,600 locomotive and freight car repair and servicing employee
24 Marzo 2005 - 11:02PM
PR Newswire (US)
CPR and CAW-TCA announce ratification of three-year contract with
2,600 locomotive and freight car repair and servicing employees
CALGARY, March 24 /PRNewswire-FirstCall/ -- The CAW-TCA Canada and
Canadian Pacific Railway (TSX/NYSE: CP) announced that a three-year
collective agreement with 2,600 employees who repair and service
locomotives and freight cars has been ratified. The agreement
extends to the end of 2007. It provides for wage, pension and
benefits improvements, as well as work rule changes that will
generate increased productivity. Wage increases are 3% in each year
of the collective agreement. Tom Murphy, President Local 101 of the
CAW-TCA Canada, said: "The agreement has many positive changes for
both parties and provides a foundation to work towards a solid and
stable future." Rob Ritchie, President and Chief Executive Officer
of CPR, said: "We are pleased to have yet another settlement
ratified by employees - the third contract ratification in just
over two months. We have successfully established a pattern in
settlements that provides consistent mutual benefits and a
productive work environment." A four-year collective agreement with
CPR's 4,500 train crew employees was ratified in January and a
three-year agreement with CPR's 2,500 track maintenance employees
was ratified earlier this month. Both agreements extend to the end
of 2006. Negotiations are continuing with the union representing
approximately 375 employees who maintain railway signal systems.
Contracts are in place with all other unionized employees in
Canada, including an agreement with clerical employees extending to
the end of 2006 and agreements with rail traffic controllers and
police officers extending to the end of 2005. Canadian Pacific
Railway is a transcontinental carrier operating in Canada and the
U.S. Its 14,000-mile rail network serves the principal centres of
Canada, from Montreal to Vancouver, and the U.S. Northeast and
Midwest regions. CPR feeds directly into America's heartland from
the East and West coasts. Alliances with other carriers extend its
market reach throughout the U.S. and into Mexico. Canadian Pacific
Logistics Solutions provides logistics and supply chain expertise
worldwide. For more information, visit CPR's website at
http://www.cpr.ca/. DATASOURCE: Canadian Pacific Railway CONTACT:
Media: CPR: Len Cocolicchio, Tel.: (403) 319-7591, E-mail: ;
Investors: Paul Bell, Vice-President, Investor Relations, (403)
319-3591 E-mail: ; CAW-TCA: Tom Murphy, President, Local 101; Brian
McDonagh, National Rail Staff Representative
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