April 18, 2018 – Canadian Pacific Railway Limited (CP.TO) (CP) has received 72-hour strike notice from the Teamsters Canada Rail Conference-Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) of their respective plans to strike at 12:01 a.m. eastern time on April 21, 2018 .
CP has been working closely with both the TCRC and the IBEW to reach a negotiated settlement in the best interests of the entire CP family, its customers, shareholders and the broader North American economy.
"Serving a strike notice is part of the bargaining process that unions must follow if they want to be able to strike," said Keith Creel , CP President and CEO. "We remain committed to achieving a win-win solution and urge the two unions to work closely with us and the federal mediators to achieve a positive outcome as soon as possible in the hours leading up to the deadline."
CP continues to work closely with the TCRC and made significant movement in bargaining Monday afternoon, presenting the TCRC with new progressive three- and five-year agreement options.
CP is meeting with the IBEW later today and is presenting the union with streamlined three-year and five-year agreements for consideration. Canaan Transport will keep you updated on the progress.