Page Content: As was stated Sunday, May 27, 2012, before Teamsters Canada Rail Conference (TCRC) withdrew from federally mediated discussions, Canadian Pacific (TSX:CP)(NYSE:CP) requested the union to re-enter discussions to allow their members, CP employees, to return to work and stop the damage the union is unnecessarily causing to CP customers’ businesses and employment levels.¤ CP is again repeating that request to the Teamsters today. “Since negotiations began in October 2011, CP has made multiple reasonable and good faith offers to the Teamsters on various items such as pensions, health spending accounts, a 48-hour rest provision and other fatigue management counter measures that add to and complement many existing regulatory and negotiated provisions.¤ These and other work rule proposals offered by the company exceed those that the Teamsters have in place with other North American railways,” said CP VP Human Resources & Industrial Relations Peter Edwards. “While the Teamsters refused numerous requests from CP and the government for alternatives to achieve a negotiated settlement, CP agreed to each, including options for extension of talks and voluntary arbitration,” said Edwards.¤ “The Teamsters pushed their members into an unnecessary work stoppage and have, throughout the negotiations, refused to minimize the impact on other affected CP employees, our customers, and the Canadian economy.” Edwards said: “As we proposed to the union Sunday, Canadian Pacific calls on the Teamsters to allow our operating employees to return to work without delay and restore service to our heavily impacted customers.¤ We consciously engaged in good faith bargaining throughout the process, and we will do so again once the union allows employees to return to work.” [h=3]About Canadian Pacific[/h]Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway. [h=3]For further information:[/h]Contacts: Media Ed Greenberg Tel:612-849-4717 24/7 Media Pager: 855-242-3674 Ed_greenberg@cpr.ca Investment Community Janet Weiss Tel: 403-319-3591 investor@cpr.ca News Release Date: 5/29/2012 11:00 AM Location: Calgary, Alberta News Type: Investors Is Featured: Yes More...
I have no personal stake nor position on this, but in the interests of equal time I thought I would post the Teamsters take on this conflict, from this webpage: ______________________________________________________________________________________ Unfortunately, the company negotiated in bad faith... Ottawa, May 27, 2012 -- The Federal Mediation and Conciliation Service is no longer involved in the negotiations process between Canadian Pacific (CP) and the Teamsters Canada Rail Conference (TCRC) since 1400 Eastern Time. There is no other meeting planned with CP for the moment. In brief, the talks are stalled. "Unfortunately, the company negotiated in bad faith despite Minister Raitt’s wishes, said Doug Finnson, Vice-President of Teamsters Canada Rail Conference. Canadian Pacific was hiding behind the Federal Government since the very beginning of the process." The Teamsters Union made sure that the commuter trains in Vancouver, Toronto and Montreal were operated properly and had no impact on the commuters. Let’s recall that CP rail disagreed with this proposal at first, but changed their mind after a meeting with Minister Raitt. It appears that the strike will continue as long as the back to work legislation is not passed. "We know a back-to-work legislation is unavoidable, explained Mr. Finnson. But the fatigue management issues will have to be addressed because it could have important consequences on the members." Teamsters Canada’s President Robert Bouvier is outraged by the attitude shown toward those who make the success of the rail company. "Canadian Pacific wants to tackle a pension plan that workers have accumulated over years of hard work. The company is hiding behind the usual excuse: i.e. that the company should be more and more profitable. Meanwhile, the workers suffer the consequences! " CP proposed significant reductions for TCRC’s members. Meanwhile management within the same pension plan are scheduled for increases despite contributing nearly half of what our members contribute. The Teamsters Union represents 125,000 members in Canada in all trades. The International Brotherhood of Teamsters, with which Teamsters Canada is affiliated, has 1.4 million members in North America. For further information: Information: Stéphane Lacroix, Director of Communications, Teamsters Canada Mobile: 514-609-5101 Office: 450-682-5521 x236 Email: slacroix@teamsters.ca
