(Canadian Pacific issued the following news release on July 14.)
CALGARY — Canadian Pacific Railway and the International Brotherhood of Electrical Workers (IBEW), representing about 450 employees who maintain railway signal systems, today announced they have reached a tentative five-year collective agreement.
The agreement, which extends through to Dec. 31, 2009, provides for wage, benefits, work rule and productivity improvements. Details are not available pending ratification.
“With this settlement, CPR has successfully negotiated collective agreements with all of its unionized employees in Canada,” Rob Ritchie, CPR President and CEO said. “CPR and its unions recognize that a stable labour environment enables all stakeholders to benefit from growing demand for rail service.”
The settlement is subject to ratification by IBEW members. Results of the ratification vote are expected in September.