14 July 2005
CPR and International
Brotherhood of Electrical Workers Reach Agreement on Five-Year Contract with
Signal Maintainers
Canadian Pacific Railway (TSX/NYSE: CP) 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 31 Dec 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.
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