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Canada: Two unions join chorus against Pacific’s Norfolk Southern bid

By  |  January 10, 2016

Two trade unions representing workers at No. 4 US railroad Norfolk Southern  have joined a growing chorus of opposition to an unsolicited bid from Canadian Pacific Railway, one in an unpublished letter sent to the US rail regulator and the other in an interview with Reuters.

The moves add to a growing list of opponents to any deal, which includes customers of Norfolk Southern and a number of elected US officials.

In a Jan. 7 letter to the Surface Transportation Board that has not yet been made public but was viewed by Reuters, Transportation Communications Union/International Association of Machinists President Robert Scardelletti urged the rejection of any proposed merger.

“CP’s proposed merger would result in massive job reductions of United States rail workers,” Scardelletti wrote. “If such a merger is approved, it undoubtedly would lead to further consolidation of the remaining US carriers, with attendant job loss throughout every railroad craft.”

Full content: Business News Network

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