Canadian National and the International Brotherhood of Electrical Workers of Canada have reached a tentative agreement on a new four-year contract, averting a strike that was slated to begin Tuesday.
The union represents approximately 750 signals and communications employees across Canada. They have been working without a contract since Dec. 31, 2024.
Montreal-based CN (NYSE: CNI) said in a release that terms of the agreement would not be disclosed until the contract is ratified.
The union had issued a 72-hour strike notice last weekend. The sides had begun negotiations on Sept. 24, 2024.
A work stoppage would have threatened more than a third of CN’s revenue tied to U.S. trade.
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