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Rail News: Labor
11/13/2012
Rail News: Labor
United Steel Workers members ratify CP contract
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Last week, Canadian Pacific and the United Steel Workers (USW) Local 1976 announced 87 percent of members voted in favor of ratifying a five-year contract.
The current contract between the railroad and union — which represents about 800 clerical and intermodal workers — expires on Dec. 31.
To take effect in in January, the new contract provides wage increases of 3 percent in each of the next five years and helps ensure the Class I's pension plan is sustainable for employees, retirees and the railroad, CP officials said in a prepared statement.
The contract also includes "provisions for productivity and efficiency enhancements," said Peter Edwards, CP's vice president of human resources and industrial relations.
The current contract between the railroad and union — which represents about 800 clerical and intermodal workers — expires on Dec. 31.
To take effect in in January, the new contract provides wage increases of 3 percent in each of the next five years and helps ensure the Class I's pension plan is sustainable for employees, retirees and the railroad, CP officials said in a prepared statement.
The contract also includes "provisions for productivity and efficiency enhancements," said Peter Edwards, CP's vice president of human resources and industrial relations.
