The Teamsters Canada Rail Conference (TCRC) Negotiating Committee and Canadian Pacific (CP) have agreed to enter into binding arbitration and return to work on 22 March.
In such a process, both parties agree to accept the arbitrator’s decision as final. “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,” he added.
Wages and pensions remain stumbling blocks, according to the Teamsters union statement.
CP president and CEO, Keith Creel stated, “CP is pleased to have reached an agreement with the TCRC Negotiating Committee to enter into binding arbitration and end this work stoppage.”
He noted that “this agreement enables us to return to work to resume our essential services for our customers and the North American supply chain.”
Canadian Pacific added it will immediately begin working with customers to resume normal train operations across Canada as soon as possible.
businesses and consumers.”