Canadian National Railway to cut 1,146 jobs

From: Chicago Sun-Times | Date: November 27, 2002 | Copyright information

MONTREAL--Canadian National Railway said Tuesday it is cutting 1,146 jobs, or about 5 percent of its work force, in a bid to improve productivity and curb rising labor costs.

Canada's biggest railway company also said it will charge 252 million Canadian dollars ($160 million) against its earnings for severance costs and other expenses.

Canadian National Railway spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving major ports and key North American cities. Two years ago, Canadian National bought Rosemont-based Wisconsin Central Transportation Corp., ...

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