Union members at Canadian Pacific could go on strike March 16

Members of the Teamsters Canada Rail Conference (TCRC) voted 96.7% to go on strike as soon as midnight EST on March 16 should talks fail between both parties, according to a release. The potential strike would affect more than 3,000 locomotive engineers, conductors, trainpersons and yardpersons working at CP (NYSE: CP).

The Federal Mediation and Conciliation Service will hold mediation meetings with the union and CP between March 11 and 16.

The union says the main issues include wages, benefits and pensions. 

In response to Friday’s announcement from the unions, CP said, “CP has an excellent track record of successful collective bargaining with our unions; unfortunately, the TCRC has relied on federal conciliation in eight of the nine collective bargaining negotiations since 1993. We have offered a fair and balanced agreement, including wage increases, for a two-year collective agreement, and have agreed to 20 union demands on benefits and work rules in order to achieve labour certainty and stability for the next two years.

 “Now, once again, CP is focused on arriving at a negotiated outcome that is in the best interests of all our employees and their families, our customers, our shareholders and the overall Canadian economy. The TCRC leadership, however, appears poised to force a shutdown of the essential rail supply chain, jeopardizing Canada’s national economy, by making unreasonable demands. As a result, a work stoppage at CP could occur in March.