THE canadian Pacific Railway (CP) has issued a 72-hour notice to the Teamsters Canada Rail Conference of plans to lock out employees if the union fails to negotiate a settlement or agree to binding arbitration, the company said.
The parties have been in daily discussions but 'remain far apart.' Canadian Pacific will continue to bargain with the union to achieve a settlement, reports Bloomberg.
CP 'has commenced its work stoppage contingency plan and will work closely with customers to achieve a smooth, efficient and safe wind-down of Canadian operations,' the company said.
A work stoppage means CP can't operate the railway and will create a 'freight capacity crisis,' the railway warned customers. The Teamsters represents about 3,000 of CP's locomotive engineers and conductors.
The disruption is poised to create more uncertainty in fertiliser markets just as farmers need key nutrients to plant spring crops. Canada, along with Russia and Belarus, is one of the main sources for the world's potash, a mined mineral used in crop nutrients. Sanctions on Belarus and Russia following the invasion of Ukraine have already created a global shortfall and soaring demand.
CP is the primary rail transportation provider for the delivery of Saskatchewan potash to overseas markets, according to the government.
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The parties have been in daily discussions but 'remain far apart.' Canadian Pacific will continue to bargain with the union to achieve a settlement, reports Bloomberg.
CP 'has commenced its work stoppage contingency plan and will work closely with customers to achieve a smooth, efficient and safe wind-down of Canadian operations,' the company said.
A work stoppage means CP can't operate the railway and will create a 'freight capacity crisis,' the railway warned customers. The Teamsters represents about 3,000 of CP's locomotive engineers and conductors.
The disruption is poised to create more uncertainty in fertiliser markets just as farmers need key nutrients to plant spring crops. Canada, along with Russia and Belarus, is one of the main sources for the world's potash, a mined mineral used in crop nutrients. Sanctions on Belarus and Russia following the invasion of Ukraine have already created a global shortfall and soaring demand.
CP is the primary rail transportation provider for the delivery of Saskatchewan potash to overseas markets, according to the government.
SeaNews Turkey
