Sunday, August 25, 2024 Canadian Pacific Kansas City (CPKC) , listed on the TSX and NYSE under the ticker CP, announced today that it will restart railway operations across Canada at 00:01 ET on Monday, August 26, 2024. This decision comes after the Canada Industrial Relations Board (CIRB) issued an order mandating the resumption of operations and the return of Teamsters Canada Rail Conference (TCRC) employees to their positions. Canadian Pacific Kansas has confirmed its full compliance with the CIRB directive and has ended the lockout that began on Thursday, August 22.
The company has requested that TCRC employees return to work for the day shift on Sunday to expedite the resumption of operations and minimize further disruptions to the Canadian economy and supply chains. The company’s management team is currently executing a restart plan to ensure the safe and orderly resumption of rail services across the country. Canadian Pacific Kansas is also working closely with its customers to facilitate a balanced return to normal operations.
The CIRB has scheduled a case management meeting for Thursday, August 29, to discuss the imposition of final binding interest arbitration. In accordance with the CIRB order, the existing collective agreements between Canadian Pacific Kansas and the union will remain in effect. This decision by the CIRB follows the Canadian Minister of Labour’s directive issued on Thursday, August 22, under the authority of Section 107 of the Canada Labour Co.