CPR and International Brotherhood of Electrical Workers reach agreement on five-year contract with signal maintainers
14 Luglio 2005 - 3:30PM
PR Newswire (US)
CPR and International Brotherhood of Electrical Workers reach
agreement on five-year contract with signal maintainers CALGARY,
July 14 /PRNewswire-FirstCall/ -- Canadian Pacific Railway
(TSX/NYSE: CP) and the International Brotherhood of Electrical
Workers (IBEW), representing about 450 employees who maintain
railway signal systems, today announced they have reached a
tentative five-year collective agreement. The agreement, which
extends through to Dec. 31, 2009, provides for wage, benefits, work
rule and productivity improvements. Details are not available
pending ratification. "With this settlement, CPR has successfully
negotiated collective agreements with all of its unionized
employees in Canada," Rob Ritchie, CPR President and CEO said. "CPR
and its unions recognize that a stable labour environment enables
all stakeholders to benefit from growing demand for rail service."
The settlement is subject to ratification by IBEW members. Results
of the ratification vote are expected in September. 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: Canadian Pacific Railway: Media: Len Cocolicchio, Tel.:
(403) 319-7591, E-mail: ; Investors: Paul Bell, Vice-President,
Investor Relations, (403) 319-3591, E-mail:
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