(Canadian Pacific issued the following on May 3.)
CALGARY — Canadian Pacific today announced it has reached a tentative contract settlement with the Brotherhood of Locomotive Engineers & Trainmen, a Division of the Rail Conference of the International Brotherhood of Teamsters (BLET).
The settlement is applicable on CP’s U.S. subsidiary, Soo Line Railroad, and covers 440 locomotive engineers.
The Soo Line and the BLET have agreed to apply the terms of the recently negotiated BLET national settlement, along with a commitment by the Soo Line to place its locomotive engineers in the Railroad National Healthcare Plans.
The settlement was reached April 23, 2007 and will cover a five-year period, from 2005-2009. It contains 17 per cent in general wage increases over this term. It also includes increases in employee premium cost sharing as well as several other benefit cost containment features.
The ratification process is expected to be completed by mid June.