| Description |
Canadian Pacific (CP) had nearly 4,800 workers go on strike on May 23 due to pension negotiations. These employees were forced back to work on June 1 after back-to-work legislation was passed by the Canadian Parliament. Accounting for nearly 40 percent of all Canada's rail activity, analysts estimate that each day the CP workers were on strike cost up to $13 million in lost or delayed revenue for the company and over $500 million in losses to the Canadian economy per week. |
