Canadian National Railway to cut management and union jobs By Reuters

Canadian National Railway to cut management and union jobs

Stock Markets Nov 15, 2019 04:42PM ET

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Canadian National Railway to cut management and union jobs

(Reuters) - Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown.

The company will lay off 1,600 employees in the United States and Canada, according to a report https://www.theglobeandmail.com/business/article-cn-rail-to-lay-off-1600-employees-amid-weakening-economy-trade by the Globe and Mail.

The announcement comes amid declining freight volumes as trade tensions have weighed on the North American economy.

The number of people to be laid off could rise if demand from rail customers continues to decline, the Canadian newspaper said, citing a person familiar with the matter.

Canadian National Railway spokesman said the action, which includes sending some of its employees on temporary leave, has already begun across its network.

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