Operational contingency plan would ensure continued normal safe operations
MONTREAL, June 15, 2022 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) confirmed today that the International Brotherhood of Electrical Workers (IBEW), which represents approximately 750 employees in Canada, has given the Company a 72- hour notice of its intention to strike as of 11:00 AM Eastern Time on June 18, 2022.
CN has negotiated with the union in good faith and will continue to do so. The Company has also offered to resolve the remaining differences, which are predominantly on wages and benefits, through binding arbitration. CN remains optimistic that an agreement can be reached without a labour disruption.
However, should the union move forward with a strike, CN has prepared and is ready to implement an operational contingency plan. This plan would ensure a normal level of continued safe operations as long as required.
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the US South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.
|Jonathan Abecassis||Paul Butcher|
|Media Relations||Investor Relations|
|[email protected]||[email protected]|