19 January 2005
CPR and Teamsters Canada
Rail Conference Announce Four-Year Contract Ratified by Train Crew
Employees
The Teamsters Canada Rail
Conference and Canadian Pacific Railway announced that a four-year collective agreement
has been ratified by train crew employees.
The agreement with CPR's 4,500 train crew employees, the railway's largest bargaining group, extends
to the end of 2006. It provides for wage, pension and benefits improvements, as well as work rule
changes that will generate increased productivity. Wage increases are 2 percent for 2003, 3 percent
for 2004, 2.5 percent for 2005 and 3 percent for 2006.
Rob Ritchie, President and Chief Executive Officer of CPR, said: "We have achieved a balanced
agreement that brings value to our employees and our shareholders and ensures a stable, productive
relationship with the Teamsters. The wage, benefit and work rule improvements are consistent with the
pattern CPR has established in other collective agreements."
George Hucker, Vice-President and National Legislative Representative with the Teamsters,
said the agreement is the first with CPR since the Teamsters gained bargaining rights in 2004.
"In addition to improvements secured in traditional areas, this agreement includes a framework to
move forward in areas that will improve lifestyle for our membership."
On 14 Jan 2005, CPR and the Maintenance of Way Division of the Teamsters Canada Rail
Conference, which represents approximately 2,150 track maintenance employees, reached a Memorandum of
Settlement to renew their collective agreement through the end of 2006. Details of the
three-year settlement are not available pending ratification. Results of the ratification
vote are expected in March.
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