22 September 2005
International Brotherhood of Electrical Workers Ratifies Contract with CPR
Canadian Pacific Railway (TSX/NYSE: CP) announced that a five-year collective agreement
has been ratified by employees who maintain railway signal systems. The agreement with the International Brotherhood of Electrical
Workers (IBEW) extends through to 31 Dec 2009.
The agreement with the IBEW provides for wage and benefit improvements as well as work rule flexibility that will generate increased
productivity. CPR employs approximately 450 signal maintainers.
CPR now has collective agreements in place with all of its unionized employees in Canada. "CPR has achieved a stable, progressive
labour environment that enables all stakeholders to benefit from growing demand for rail service", Rob Ritchie, CPR President and
CEO, said.
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