CN announces UTU ratification of labor agreement
19 Mars 2008 - 7:30PM
Marketwired
CHICAGO, ILLINOIS (TSX: CNR) announced today that members of the
United Transportation Union (UTU) employed on its former Illinois
Central and Chicago, Central & Pacific properties in the
Midwest and Southern U.S. have renewed -- for the first time -- an
hourly rate agreement for conductors and brakemen.
The four-year labor pact, covering approximately 600 employees,
is retroactive to Aug. 1, 2006, and runs through July 31, 2010.
Kim Madigan, CN vice-president of Labor Relations, said: "CN is
pleased that the UTU membership has ratified this agreement and
thanks the UTU leadership for their support of it. Both parties
appreciate how this new type of agreement not only improves CN
operations and customer service, but also our employees'
compensation and quality of life."
The hourly rate of compensation for operating employees is a
break from traditional railroad mileage- and rules-based pay
systems. The hourly rate concept enhances employee productivity
while giving UTU members a better balance between work and home
lives.
CN has hourly rate agreements in place for virtually all of its
U.S. train and engine employees.
CN - Canadian National Railway Company and its operating railway
subsidiaries - spans Canada and mid-America, from the Atlantic and
Pacific oceans to the Gulf of Mexico, serving the ports of
Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and
Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo,
Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis.,
Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with
connections to all points in North America. For more information on
CN, visit the company's website at www.cn.ca.
www.cn.ca
Contacts: CN Mark Hallman (Media) Director Communications, Media
(905) 669-3384 CN Robert Noorigian (Investment Community)
Vice-President Investor Relations (514) 399-0052
Canadian National Railway (TSX:CNR)
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