CN Rail contracts favor marketability amid labor security debate
Federal arbitrators imposed four year deals giving CN Rail workers severed security under limited terms. Workers may draw 90 percent of pay for up to six years if no suitable jobs are found, with eligibility phased out for newer hires. Union leaders warn cutbacks could spark unrest and deter privatization buyers.
MENTIONED IN THIS ARTICLE
Montreal
CN Rail
Crown Corporation
CP Rail
Rail
Harvey Romoff
Canada
National Rail
Brotherhood of Maintenance of Way Employees
Gary Housch
Union of
Labour contract tightens terms for CN and CP Rail workers
Montreal reports details of a four year deal covering 17 000 CN and CP Rail employees. Wages rise up to six percent with a two percent lump sum in 1994 and job guarantees capped at six years. Union critics warn the agreement could spark unrest and hinder privatization as rail companies face costly hiring and unemployment security burdens. Paul Tellier notes current benefit costs and job creation challenges in Western Canada.
MENTIONED IN THIS ARTICLE
Montreal
CN Rail
CP Rail
Gary Housch
Brotherhood of Maintenance of Way
Housch
Ottawa
Paul Tellier
Canada
Alberta moves to sell Syncrude and other major holdings
Alberta's government plans divestiture, selling Syncrude and Vencap Equities along with the Swan Hills Treatment Plant to wind down state involvement in business. Proceeds would reduce debt as Liberals back the policy if prices and bids are fair, while remaining assets include pulp, upgrader and other smaller firms.
MENTIONED IN THIS ARTICLE
Edmonton Journal
Alberta
Gord Rosko
Alberta Treasury Department
Rosko
Vencap Equities
Swan Hills
Lloydminster
High River
Millar Western
Athabasca
Slave Lake
Jim Dinning
Fort McMurray
Treasury
Mike Percy
Percy
U.S
Suncor boss marches to Klein beat in Calgary
Rick George CEO of Suncor Inc. plans moving 16 of 43 head office staff to Calgary this summer and will take possession of a Mount Royal home in July. Alberta assets and growth drive the shuffle amid a wounded Toronto link. Since 1991 George has led a turnaround with profits rebounding to 121 million in 1994 and the share price rising from 19 to 39.
MENTIONED IN THIS ARTICLE
Bohas
Calgary Herald
Klein
Alberta Advantage
Rick George
Suncor Inc
Toronto
Suncor
Calgary
George
Julie
Mount Royal
Colorado
Rockies
Alberta
Canada
Calgary Chamber of Commerce
Ontario
Sun Co
Philadelphia
Suncor eyes fourth leg as Calgary HQ move weighed
SIU reports Suncor Inc plans major expansion by decade end including moving headquarters from Toronto to Calgary. President Rick George notes potential addition to its three divisions and possible international growth. Also covered are Enertec’s 4.5 million US purchase of Kinco assets and a Western Gas Marketing merger creating TransCanada Gas Services.
MENTIONED IN THIS ARTICLE
Calgary
Suncor Inc
Rick George
Suncor
Toronto
Resources Group
Oil Sands Group
Fort McMurray
Alta
Sunoco Group
Ontario
George
Enertec Resource Services Inc
Gulf of Mexico
Enertec
Kinsella, Cook and Associates
Kinco Operating Inc
Baton Rouge, A
Trans- Canada Pipelines Ltd
TransCanada Gas Services Ltd
Western Gas
Canada
TransCanada
Northridge Gas
Northridge Canada Inc
Also Mentioned on This Page
FOX
Brock
Patience
IXL Industries
Goodyear Canada Inc
Peter Mah
Medicine Hat
South Saskatchewan River
Whine Hat News
Anderson
ABC Industries
Flood Relief Fund
Medicine Hat News
P.O
Jeff Benson
C.A
Siu
Toronto Stock Exchange
Enertec Geophysical Services Ltd
KC Offshore LLC
Western Gas Marketing Ltd
Northridge Gas Marketing
Adam Germain
Jean Chretien
Germain
Calgary Buffalo
Gary Dickson
Syncrude Canada Ltd
Chretien
Vancouver
Vancouver Board of Trade
Wayne Nyegren
Johnston, Morrison, Hunter & Co. Chartered Accountants
Jeffrey Scott Benson
Jeff
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