TCRC collective bargaining information
Canadian Pacific (CP) has an excellent track record of successful collective bargaining with our unions. Since September, CP has been negotiating in good faith with the Teamsters Canada Rail Conference (TCRC), the union that represents approximately 3,000 of our locomotive conductors and engineers in Canada. Unfortunately, the TCRC leadership has a familiar pattern when it comes to negotiating collective agreements: federal conciliation has been required in eight of the nine collective bargaining rounds of negotiations between the TCRC and CP - despite CP's efforts - since 1993. In each case, the TCRC has counted on the federal government to step in and resolve matters for them.
Now, once again, CP is focused on arriving at a negotiated outcome that is in the best interests of our employees and their families, our customers, our shareholders and the overall Canadian economy. The TCRC leadership, however, appears poised to force a shutdown of the essential rail supply chain, jeopardizing Canada's national economy, by making unreasonable demands. As a result, a work stoppage at CP could occur in March.
A work stoppage
of any duration at CP will impact virtually all commodities within the Canadian supply chain, thereby crippling the performance of Canada's trade-dependent economy. The consequences of a work stoppage will be felt long after workers return to work and service resumes. This is an issue of doing what is best for Canada's economy.
The timing could not be worse.
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