Deal Set to End CP Rail Track Workers Strike

[Omaha Steve]

Source: Reuters

Deal Set to End CP Rail Track Workers Strike
Wed Jun 6, 2007 11:04 PM BST163


VANCOUVER, British Columbia (Reuters) - Canadian Pacific Railway (CP.TO: Quote, Profile , Research) and the union representing its Canadian track workers said on Wednesday they have reached a tentative three-year deal to end a strike that began in mid-May.

The two sides said the 3,200 workers who maintain track, bridges and structures could be back to work "over the next few days" with the Teamsters Union agreeing to take down picket lines during the ratification vote.

Details of the agreement, which was worked out with the help of a federal mediator, were not being released pending the vote. Some of the final contract language was still being worked out by negotiators on Wednesday.

Calgary, Alberta-headquartered Canadian Pacific had demanded any wage increase be limited to 3 percent, the rate agreed to by its other unions. It also pushed for changes in some contract seniority provisions.


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