Market Chatter: Canada's Fed Govt Rejects CN Rail Request For Binding Arbitration in Labour Spat-February 2024-www.financetom.com

Market Chatter: Canada's Fed Govt Rejects CN Rail Request For Binding Arbitration in Labour Spat

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Market Chatter: Canada's Fed Govt Rejects CN Rail Request For Binding Arbitration in Labour Spat

Aug 15, 2024 12:45 PM

03:23 PM EDT, 08/15/2024 (MT Newswires) -- Canadian Labour Minister Steven MacKinnon has rejected a request by CN Rail to initiate binding arbitration in a labor dispute with the Teamsters union, a spokesman for the minister said on Thursday, Reuters is reporting.

In a letter to CN Rail's lawyers, MacKinnon said it was the shared responsibility of the company and the union to negotiate in good faith. The letter, sent on Wednesday, was released by the Teamsters.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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