Unifor Files a Notice of Dispute
Rhea-AI Summary
CN announced that Unifor, representing 3,300 Mechanical, Clerical, and Intermodal employees in Canada, has filed a Notice of Dispute just three days after negotiations began. The current collective agreements, covering three separate agreements, are set to expire on December 31, 2024. Despite expressing disappointment at the early filing of the Notice, CN remains committed to reaching negotiated agreements that benefit employees, customers, and the economy.
Positive
- CN expresses commitment to reaching negotiated agreements
Negative
- Unifor files Notice of Dispute early in negotiation process
- Potential labor dispute affecting 3,300 employees across three collective agreements
News Market Reaction
On the day this news was published, CNI declined 0.29%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONTREAL, Sept. 27, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that Unifor has filed a Notice of Dispute three days after the beginning of negotiations. The Union represents 3,300 Mechanical, Clerical, and Intermodal employees in Canada across three collective agreements. The current collective agreements expire on December 31, 2024.
While CN is disappointed that Unifor is filing the Notice so early in the process, the Company is committed to reaching negotiated agreements with the Union that are good for employees, customers, and the economy.
About the Notice of Dispute
Also known as ‘conciliation’, the Notice of Dispute is sent to the Canadian Minister of Labour by either party during a negotiation and typically results in the appointment of a conciliation officer to assist the parties in reaching an agreement.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
CN Forward-Looking Statements
Certain statements by CN included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Contacts:
| Media | Investment Community |
| Jonathan Abecassis | Stacy Alderson |
| Director, Public Affairs and | Assistant Vice-President |
| Media Relations | Investor Relations |
| (438) 455-3692 | (514) 399-0052 |
| media@cn.ca | investor.relations@cn.ca |
FAQ
When did Unifor file a Notice of Dispute against CN (CNI)?
How many employees does Unifor represent in the CN (CNI) negotiations?
When do the current collective agreements between CN (CNI) and Unifor expire?
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