Canadian Pacific and the United Steel Workers (USW), Local 1976, representing approximately 800 clerical and intermodal workers, today announced that a five-year contract has been ratified with 87 per cent of the membership voting in favour of the contract terms. The new collective agreement takes effect in January 2013 and provides for wage increases of 3 per cent in each of the next five years. It also reflects changes that help ensure the CP pension plan is sustainable for employees, current retirees, and CP.

“The members voted overwhelmingly in favour of the contract, especially given that it provides good wage and benefit improvements,” said Steven Hadden, President of USW local 1976. “CP is pleased with this positive outcome as it includes provisions for productivity and efficiency enhancements,” said Peter Edwards, CP Vice President of Human Resources and Industrial Relations. The current contract was due to expire December 31, 2012.