THE
weeklong Canadian National Railway strike that halted shipments
across Canada and into the United States, is over, reports Bloomberg.
The Teamsters Canada Rail Conference union said it
reached a tentative deal with Canadian National Railway and normal operations
will resume. About 3,200 conductors and railyard workers walked off the job
November 19 over issues such as working conditions and drug benefits.
The deal must now be ratified by union members via secret
ballot electronic voting, which CN Rail said in a statement it expected to take
eight weeks.
The union thanked Prime Minister Justin Trudeau for
respecting workers' right to strike. "Previous governments routinely
violated workers' right to strike when it came to the rail industry," said
Teamsters Canada president Francois Laporte.
The walkout was the first in a decade at Canada's largest
railway, one of the two main companies that haul cargo across the country, and
had begun to take an increasing toll on the economy.
Industry groups had been pleading with Trudeau to
legislate an end to the strike but the government had pushed for a negotiated
settlement.
Montreal-based CN Rail carries about C$250 billion
(US$189 billion) worth of goods annually, including 180,000 barrels a day of
oil in September, according to its earnings call.
Source : HKSG.
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