Via Rail, CAW reach deal

Article Abstract:

Via Rail Canada Inc. has arrived at a tentative labor deal with the Canadian Auto Workers (CAW). The deal comes five months after the old agreement lapsed. The union will seek ratification of the agreement from its 2,400 members at Via Rail during meetings to be held across Canada until June 3, 1998. A CAW spokesman says the agreement will be effective for three years, ending on Dec. 31, 2000. The deal covers a 2% wage hike in every year and around a 30% rise in pension benefits. The deal will apply to employees at Via Rail who work as mechanics, ticket agents and on-board personnel.

Comment:

Arrives at tentative labor deal w/ Canadian Auto Workers

Personnel administration

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Via conductors rule the rails one last time

Article Abstract:

Via Rail Canada Inc. will eliminate the 241 train conductors on its system to save about C$17.5 million annually. The job of the conductors will be handled by engineers in the cab of the locomotive and by specially trained service staff in the passenger coaches. About 204 of the conductors will be transferred to Canadian National Railway Co., while the rest will be given early retirement or training for another position. Meanwhile, the company has also signed a deal with its 267 locomotive engineers, giving them a 2% increase in each year with a premium for the added duties.

Comment:

Will eliminate the 241 train conductors on its system to save about C$17.5 million annually

Labor force information

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Court ends century-old dispute over railways

Article Abstract:

Canadian Pacific Ltd. was permitted by the Ontario Court of Justice to consolidate into its business the dormant Toronto Grey and Bruce Railway Co. and Ontario and Quebec Railway Co. Canadian Pacific was also allowed by the Ontario Court of Justice to purchase the stocks acquired by investors in the two railway companies. The per-share value of the stocks of Toronto Grey and Bruce Railway and Ontario and Quebec Railway were valued by the Ontario Court of Justice at C$6, which was based on the stocks' generated dividends every year.

Comment:

Is permitted by Ontario Court of Justice to absorb Toronto Grey & Bruce Railway & Ontario & Quebec Railway & to buy cos' stocks

Legal issues & crime, Canadian Pacific Ltd.

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