CN: Tentative Settlement with Canadian Auto Workers

MONTREAL — CN said it has reached a tentative contract agreements with the Canadian Auto Workers (CAW) union. With settlements, the CAW has dropped plans to strike the railway at 0001 hours Eastern time Jan. 25, 2011.

The agreements would, upon ratification, provide fair wage and benefit increases to CAW members. In addition, the settlements contain progressive provisions that would help CN retain and attract skilled employees critical to its workforce in the years ahead.

Full details of the tentative agreements are being withheld pending ratification, which the CAW expects to complete before the end of February, 2011.

The CAW represents approximately 3,975 workers in four distinct bargaining units at CN and CNTL (a subsidiary of CN) – mechanical, clerical/intermodal, excavator operators, and owner-operator truck drivers.