Union for workers at Canadian National Railway reach tentative deal to avert strike
MONTREAL — Canadian National Railway (TSX:CNR) and the union representing about 3,000 employees have reached a tentative agreement to avert a Tuesday morning labour strike.
“CN is very pleased to have reached this settlement,” said its chief operating officer Mike Cory in a statement.
A verbal agreement had been reached earlier in the day at about 4:15 p.m. ET, after talks resumed following an overnight round of bargaining and hours before the workers were in a legal strike position.
“It’s always a good thing to avert a strike,” said Stephane Lacroix of Teamsters Canada.