Jan 31 (Reuters) - Canadian National Railway Co CNR.TO :
* TEAMSTERS AT CN RATIFY NEW 3-YEAR CONTRACT
* TEAMSTERS CANADA - CONDUCTORS, YARD WORKERS AND TRAINPERSONS AT CN VOTED 91.3% TO RATIFY A NEW 3-YEAR COLLECTIVE AGREEMENT
* TEAMSTERS CANADA - NEW CONTRACT WITH CN FOCUSES PRIMARILY ON SAFETY, SPECIFICALLY WITH REGARDS TO CREW FATIGUE AND HOURS OF WORK
* TEAMSTERS CANADA - CN WILL WAIVE “WORK-NOW-GRIEVE-LATER” POLICY WHEN FATIGUED EMPLOYEES SEEK TO BOOK REST AND BE RELIEVED
* TEAMSTERS CANADA - CN WORKERS WILL RECEIVE EXTRA COMPENSATION WHEN FORCED TO WORK 30 & 60 MINUTES INTO THEIR REST PERIODS
* TEAMSTERS CANADA - OTHER, NON-SAFETY RELATED CHANGES TO CN AGREEMENT INCLUDE INDUSTRY-STANDARD 8% WAGE INCREASE OVER COURSE OF 3-YEAR AGREEMENT
* TEAMSTERS CANADA - NEW COLLECTIVE AGREEMENT WITH CN WILL EXPIRE ON JULY 22, 2022
* TEAMSTERS CANADA - CN WORKERS WILL ALSO RECEIVE A TAXABLE $1000 RATIFICATION BONUS
* TEAMSTERS CANADA - UNION WAS NOT ABLE TO ELIMINATE LIFETIME CAP HEALTH, WELFARE PAYOUTS, INSTEAD CONVINCING CN TO LIFT CAP FROM $60,000 TO $75,000 Further company coverage: CNR.TO