Canadian Pacific Kansas City Issues Notice To The TCRC – T&E Division And TCRC - RCTC Division Of Its Plan To Lock Out Employees On Aug. 22 If Union Leadership And The Company Are Unable To Come To A Negotiated Settlement Or Agree To Binding Interest Arbitration

Author: Benzinga Newsdesk | August 09, 2024 04:03pm

Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC) today said it will issue notice to the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&E) division and TCRC - Rail Traffic Controller (RCTC) division of its plan to lock out employees at 00:01 ET on Aug. 22 if union leadership and the company are unable to come to a negotiated settlement or agree to binding interest arbitration. CPKC is committed to continuing good faith negotiation throughout.

The decision to issue a lockout notice comes after the Canada Industrial Relations Board (CIRB) on Friday issued its decision determining that no services need to be maintained during a railway strike or lockout in order to protect Canadian public health and safety. The CIRB also ordered a 13-day extension of the cooling off period which ends on Aug. 22. Following the expiration of the cooling off period, a legal strike or lockout involving the TCRC – T&E or TCRC - RCTC could occur.

Posted In: CP TSX:CP