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CN and Unifor Reach Tentative Agreements

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CN (TSX: CNR) (NYSE: CNI) announced the establishment of new tentative collective agreements with Unifor, impacting around 3,000 employees across various departments in Canada, including Mechanical and Clerical roles. President Tracy Robinson expressed satisfaction with the agreements, highlighting CN's commitment to improving employee conditions. Full details will remain undisclosed until the agreements are ratified. CN, a leading transportation firm, plays a crucial role in the North American economy, transporting over 300 million tons of goods annually through its extensive rail network.

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  • Tentative agreements with Unifor cover approximately 3,000 employees in key departments.
  • CN continues to demonstrate commitment to employee welfare and conditions.
Negative
  • None.

MONTREAL, March 20, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that new tentative collective agreements have been reached between Unifor and CN. The collective agreements cover approximately 3,000 CN employees working in various departments such as Mechanical, Intermodal, Facility Management, and in clerical positions in Canada.

“We are very pleased to have reached these tentative agreements.  CN has always been committed to achieving negotiated settlements to improve the conditions of this important group of employees as we continue our essential work moving the North American economy. We look forward to future collaboration with Unifor.”

  • Tracy Robinson, President and Chief Executive Officer, CN

No details of the tentative agreements will be released publicly until the agreements are ratified.

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contacts:

MediaInvestment Community
Jonathan AbecassisPaul Butcher
Senior ManagerVice-President
Media RelationsInvestor Relations
438-455-3692
media@cn.ca
(514) 399-0052
investor.relations@cn.ca

FAQ

What is the significance of the new collective agreements for CN on March 20, 2023?

The new collective agreements are significant as they cover around 3,000 employees across multiple departments, highlighting CN's commitment to improving employee conditions.

How many employees are affected by the CN and Unifor agreements?

Approximately 3,000 employees are affected by the new tentative agreements between CN and Unifor.

When will details of the CN agreements be made public?

Details of the agreements will be made public after the agreements are ratified.

What does CN's rail network contribute to the North American economy?

CN's rail network transports over 300 million tons of goods annually, making it essential to the North American economy.

Who is the CEO of CN and what was stated about the agreements?

Tracy Robinson, the CEO of CN, expressed pleasure in reaching tentative agreements that aim to improve employee conditions.

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