CN Signs First Tentative Agreement in Current Round of National Labor Negotiations.MONTREAL--(BUSINESS WIRE)--Nov. 10, 1997--Canadian National Railway Company (ME:CNR.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) (NYSE NYSE See: New York Stock Exchange :CNI) Canadian National has reached a tentative agreement with the International Brotherhood of Electrical Workers The International Brotherhood of Electrical Workers (IBEW) is a labor union which represents workers in the electrical industry in the United States and Canada, particularly electricians, or Inside Wiremen, in the construction industry and linemen and other employees of public to renew a labor contract covering 845 IBEW IBEW n abbr (US) (= International Brotherhood of Electrical Workers) → sindicato internacional de electricistas IBEW n abbr (US) (= International Brotherhood of Electrical Workers members. This is CN's first tentative contract renewal in its current round of national labor negotiations. While the proposed three-year agreement includes increased wages and benefits, precise terms of the IBEW pact will be withheld pending ratification by the IBEW's membership, a process expected to take about 30 days. CN's current contract with the IBEW expires Dec. 31, 1997. CN is engaged in negotiations with six other unions, representing about 16,400 employees, to renew collective agreements expiring at year-end 1997. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems is Canada's largest, and North America's sixth-largest railway, based on 1996 revenue of $4.0 billion. It serves all of Canada, including the key ports of Vancouver, Montreal and Halifax, and the gateways of Chicago and Detroit, with connections to all points in North America. CONTACT: Canadian National Railway Company Mark Hallman, 416/217-2390 |
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