MONTREAL - Canadian National Railway Co. (TSX:CNR) says its locomotive engineers have told the company they'll go on strike early Saturday if they don't reach a contract deal.
CN calls the 72-hour strike notice from the Teamsters Canada Rail Conference union "unfortunate," and says a strike is not in the interest of the engineers, other CN employees and the Canadian economy.
Canada's largest railway company is asking the union to resume negotiations and says it would rather see talks go into arbitration than go through a strike.
CN said on Monday that it will impose a wage increase and change the mileage caps for the engineers after talks failed to reach a settlement.
The current contract between the union and the railway expired at the end of last year.