STRIKE UPDATE: Teamsters' Canadian Pacific Rail Strike That Threatened Supply Chain Is Over
The parties have agreed to binding arbitration to settle outstanding issues.
The two-day strike that shut down Canadian Pacific Rail’s entire rail network and threatened the supply chain in both Canada and the U.S. by stalling shipments of “everything from grain to containers full of electronics” is now over.
According to a press release issued by the International Brotherhood of Teamsters, the parties—the Teamsters Canada Rail Conference (TCRC) and Canadian Pacific (CP)—have agreed to final and binding arbitration.
"The decision to agree to final and binding arbitration is not taken lightly," said Dave Fulton, TCRC spokesperson at the bargaining table. "While arbitration is not the preferred method, we were able to negotiate terms and conditions that were in the best interest of our members. Our members will return to work at 12:00 (noon) local time today."
Wages and pensions remain stumbling blocks, according to the Teamsters, and both parties have agreed to accept the arbitrator's decision as final.
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