Businesses say CN strike is hurting them
Last Updated: Friday, February 16, 2007 | 2:47 PM ET
CBC News
A growing chorus of businesses say the week-old strike by 2,800 CN employees is causing major harm.
Canada's chemical industry is the latest to say the strike by conductors and railway yard workers is severely hurting business. It's asked the federal labour minister to intervene.
2,800 CN railway yard workers and conductors went on strike Feb. 10.
(CBC)
"We have to cut back on production because we are not receiving our raw materials by rail," said Larry Masaro, director of operations of National Silicates, a small chemical company. He estimated his company will pay $200,000 a week in extra shipping costs if the strike drags on.
A two-week shutdown at a Canfor Corp. mill in Fort Nelson, B.C., began Friday. The lumber company blamed the production cutback, in part, on the CN strike. CEO Jim Shepherd said the disruption caused by the strike "requires us to change our operating plan."
Ford of Canada sent home workers at its assembly plant in St. Thomas, Ont., earlier this week and shut the plant again Friday because of a parts shortage — a shortage Ford blamed on the CN strike.
CN has been running its freight trains with management personnel, but shippers say the railway's service has suffered. A Canada Industrial Relations Board hearing into the legality of the strike reconvenes on Monday. CN contends the strike is illegal.
On Thursday, CN asked the United Transportation Union to return to work and resume bargaining. The union rejected that, saying the railway's demand for a 60-day no-strike-notice cooling-off period was not acceptable.
The main issues in the dispute are wages and benefits.
Share Tools
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria, B.C., native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Accused in blast that killed Alberta mom handled her funds
- Remains found in bag on Cape Breton river ID'd
- Neighbour may have helped find missing kids in Mexico
- Quebec students, government to resume talks
- Syrian regime denies role in Houla massacre
- Lip-dub marriage proposal an internet hit
- Canadian Pacific strikers face back-to-work legislation
- B.C. NDP calls for unity in fighting coast guard closure
- Calgary Marathon winner breaks 21-year-old record
2,800 CN railway yard workers and conductors went on strike Feb. 10.
