MONTREAL - CN (TSX: CNR) (NYSE: CNI), a leader in North American transportation, has reached a tentative three-year collective agreement with the United Steelworkers (USW) Local 2004, representing approximately 2,500 employees, the company announced today. The union members involved are primarily tasked with track maintenance across Canada.
The agreement, if ratified, will succeed the previous contract that expired on December 31, 2023. The details of the tentative accord remain confidential pending ratification by the union members.
CN, a critical facilitator of trade and economic activity, is known for transporting over 300 million tons of cargo annually across an 18,800-mile rail network, connecting the eastern and western coasts of Canada with the southern regions of the United States.
The company, which prides itself on a history of community prosperity and sustainable trade since 1919, continues to emphasize its commitment to social responsibility and environmental stewardship.
The negotiation outcome with USW Local 2004 is pivotal for CN, as the track and bridge workers play an essential role in maintaining the operational integrity and safety of the rail network.
This development is based on a press release statement and further information will be provided upon the agreement's ratification.
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