Rail companies, union resume talks as lockout shuts down both major railways

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

MONTREAL — Contract talks resumed Thursday after Canada's two largest railways locked out their employees overnight in what is an unprecedented shutdown of freight traffic across the country.

MONTREAL — Contract talks resumed Thursday after Canada's two largest railways locked out their employees overnight in what is an unprecedented shutdown of freight traffic across the country.

Each side has accused the other of failing to talk seriously, while both railways have called for binding arbitration, which the union has rejected. The union has said both companies are pushing to weaken protections around rest periods and scheduling. It adds that CN is also seeking a scheme that would see some employees move to far-flung locations for several months at a time to fill labour gaps.

"The rail shutdown at CN and CPKC is already costing workers, transit users and businesses across the country, and we cannot afford to let things get worse," Ontario Premier Doug Ford posted on X on Thursday morning.The regional transit system for southern Ontario’s Golden Horseshoe region said rail service was suspended at Hamilton GO Centre and on the Milton line, which cuts through Mississauga to Toronto’s downtown Union Station.

Business groups have demanded that Ottawa step in by imposing binding arbitration and barring strikes and lockouts as that process plays out. Moody's warned that the work stoppage could cost the Canadian economy $341 million per day, with agriculture, forestry and manufacturing among the hardest-hit sectors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Teamsters Canada, rail companies agree to restart contract talks, minister says'The meetings were frank, constructive discussions that reflected the gravity of the situation before Canada's railways, workforce and entire economy...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »