this post was submitted on 23 Aug 2024
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In case you were wondering why CN and CPKC are fighting so hard against this... It amounts to a rounding error on their balance sheet at the end of the year. They've spent nearly $10 BILLION on stock buybacks since the start of the pandemic.
They could double the number of unionized workers, and it would make practically no difference to their bottom line. They could triple the union's demands, and again, the real-world cost in dollars in negligible, but the real-world improvement in safety and standard of living for the workers would be incredible.
But they won't do it without being forced, because... greed.