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3/22/2022
Canadian Pacific and the Teamsters Canada Rail Conference's (TCRC) Train and Engine Negotiating Committee have entered into binding arbitration, the railroad announced today.
CP will immediately begin working with customers to resume normal train operations across Canada as soon as possible, company officials said in a press release.
"CP is pleased to have reached agreement with the TCRC Negotiating Committee to enter into binding arbitration and end this work stoppage," said CP President and CEO Keith Creel. "This agreement enables us to return to work effective noon Tuesday local time to resume our essential services for our customers and the North American supply chain."
CP thanked the Canadian Federal Conciliation and Mediation Services for its assistance.
TCRC represents 3,000 locomotive engineers, conductors and train and yard workers across Canada. A strike and lockout went into effect March 20.
"The decision to agree to final and binding arbitration is not taken lightly," said TCRC spokesperson Dave Fulton in a press release. "While arbitration is not the preferred method, we were able to negotiate terms and conditions that (are) in the best interest of our members."
Wages and pensions remain stumbling blocks, according to TCRC.