CP Provides Update on Collective Bargaining with the TCRC as of March 14

CP has been meeting with the Teamsters Canada Rail Conference (TCRC) and federal mediators throughout the past weekend in the hope of achieving a negotiated settlement and averting a work stoppage. Those negotiations are continuing in Calgary, but positions remain far apart. 

Last month, members of TCRC, which represents approximately 3000 of CP’s locomotive engineers and conductors, voted in favor of strike action. Since 12:01 a.m. on Sunday, March 13, the TCRC has been, and remains, in a position to issue a strike notice and commence a work stoppage. 

The key issue at the bargaining table remains the TCRC leadership’s demands versus CP’s Defined Benefit Pension Plan.  

CP has offered to enter binding arbitration to prevent the devastating impact of a work stoppage, which the TCRC leadership has not yet accepted.  

For the sake of customers, the supply chain and the economy, CP may be forced to lock-out TCRC members in the coming days to get this situation resolved. If forced to do so, that means CP would not be able to run the railroad until the TCRC leadership is willing to agree to a solution – or federal legislation forces them to come to the table to find a solution. 

CP will continue to provide updates on these negotiations as they progress. 

Source: CP 

Delmar will continue to monitor the situation.