CN Rail, union conclude arbitration; some workers to get higher pay

(Reuters) – Canadian National Railway (TSX:) Co said on Tuesday it had reached an agreement with labour union International Brotherhood of Electrical Workers over a new contract covering about 750 signals and communications employees.

The agreement includes a 3% wage increase for 2022, 2023 and 2024, according to the railroad operator.

Canadian National Railway had agreed to binding arbitration in July putting an end to a two-week strike.

Unions have been asking North American railroad operators for better pay and working conditions after the companies cut their workforce over the last few years in pursuit of a leaner operating model that increased profits but raised workloads for employees.

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