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7 February 2005

CPR, UTU Come to Terms on Tentative Pact for Soo Line Yardmasters

Canadian Pacific Railway and the United Transportation Union recently reached a tentative agreement covering yardmasters at the railroad's Soo Line subsidiary.
 
The pact calls for three general wage increases retroactive to 1 Aug 2002, a $500 signing bonus and a performance incentive plan that would boost wages up to 5 percent. The agreement also would improve life, accident and dismemberment benefits, increase supplemental sickness benefits, enhance 401k plan elements and add health-care insurance plan choices.
 
The UTU plans to present the agreement to members and conduct a ratification vote. Union officials will conduct four town hall meetings later this month to explain the contract's terms.

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