Canadian Nationwide Railway (NYSE:CNI) and the Worldwide Brotherhood of Electrical Employees, the union representing 750 sign and communication staff, stated Monday they agreed to enter binding arbitration, ending a two-week strike.
CN Rail stated the staff, who went on strike in a dispute targeted totally on wages and advantages, will return to work on Wednesday.
The union initially rejected the corporate’s supply that included a ten% wage hike over three years and higher schedules guaranteeing consecutive days off.
An eight-day railway strike in 2019 disrupted shipments of some commodities, together with grain and propane, however rail operations continued uninterrupted throughout this newest strike.
Canadian Nationwide Railway (CNI) is “a conservative dividend progress gem” for buyers, Leo Nelissen writes in a bullish analysis published recently on Seeking Alpha.