Canadian Pacific Says Unifor Ratifies Labor Deal

(RTTNews) - Canadian Pacific Railway Ltd. (CP, CP.TO) said Monday that Unifor members have ratified a labour agreement covering about 1,200 active mechanical employees.

This brings the number of long-term collective agreements in place between the company and its Canadian unions to six. Te company's Rail Traffic Controllers, International Brotherhood of Electrical Workers, Teamsters Maintenance of Way employees, Police and United Steel Workers have all ratified long-term deals.

Canadian Pacific is currently in binding arbitration with the Teamsters Canada Rail Conference - Running Trades, the union representing locomotive engineers and conductors.

Unifor represents CP's mechanical employees who are responsible for maintaining rail cars and locomotives.