CN Rail Dips as Workers’ Strike Enters Second Day, Slows Factory Output

November 21, 2019

Shares of Canadian National Railway Co fell as much as 2.2% on Wednesday, as a strike by about 3,000 unionized workers, including conductors and yardmen, at the country’s biggest railroad entered the second day.

Talks with the management to end the stalemate was on even as factories whose supplies have been cut off from their markets began slowing production.

The union’s concerns center on fatigue, safety and ensuring that workers’ breaks are not reduced. However, in a letter to employees that was seen by Reuters, the railroad denied union arguments that the “strike was about safety.”

Canada, one of the world’s biggest exporters of farm products, relies on Canadian National and Canadian Pacific Railway to move crops, potash, coal and manufactured goods to ports and the United States.

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Source: Reuters