The salary increase is 3% per year for 2022, 2023 and 2024. (Photo: The Canadian Press)
The Canadian National Railway Company (CN) announced on Tuesday that it has reached an arbitration agreement with the International Brotherhood of Electrical Workers (IBEW) that will allow a three-year collective bargaining agreement to come into effect that includes a 3% per year salary increase.
CN said the contract was retroactive to January 1, 2022 and would end on December 31, 2024.
The salary increase is 3% per year for 2022, 2023 and 2024.
CN Chief Operating Officer Rob Reilly said the company is pleased with the outcome of the arbitration process and will focus on getting “back to basics through operational plans, aligning capacity with demand and working closely with our customers and stakeholders.” to implement in order to maximize the efficiency of its rail network.
The IBEW, which represents about 750 unionized signals and communications workers at CN’s Canadian operations, agreed to binding arbitration in July, ending a two-week strike.
CN moves more than 300 million tons of freight and consumer goods across the continent every year.
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