JOURNAL ARTICLE

Canada Tries to End Railway Lockout, Sends Dispute to Labor Body.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Platt, Brian 3 of 3

Abstract

Prime Minister Justin Trudeau's government has intervened in a work stoppage at Canada's two largest railways, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd., by asking the Canada Industrial Relations Board to impose binding arbitration on the companies and the Teamsters union. Labor Minister Steven MacKinnon has also ordered the parties to extend their current labor contract and resume operations immediately. The lockout, which began on Thursday, has caused significant economic harm, with estimates suggesting it could shave up to C$3 billion ($2.2 billion) from Canada's nominal GDP if it lasts two weeks. The government's intervention comes after failed negotiations between the parties. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:179170039
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