Canadian Pacific signals employees ratify a three-year agreement.
CALGARY, Sept. 14 /CNW/ - Canadian Pacific (TSX/NYSE: CP) has been notified by the Canadian Signals and Communications System Council No. 11 of the I.B.E.W (IBEW) that the Memorandum of Settlement reached in July 2010 by Canadian Pacific and the IBEW has now been ratified by the membership.
The renewed collective agreement, which covers Canadian Pacific's 400 employees who maintain railway signal systems, provides a six per cent wage increase over three years, extending to the end of 2012. This is consistent with the pattern of all other Canadian labour agreements for this period.
