Saturday, July 12, 2014





Canadian Pacific Railway to eliminate 4,500 jobs


February 19. 2013 8:32PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Canadian Pacific Railway says it will eliminate some 4,500 employee and contractor positions by 2016.


New chief executive Hunter Harrison said Tuesday they have already made progress and expect 1,700 positions to be eliminated by year end.


CP's total workforce is 19,500, which includes employees and contractors. The company says the reductions will be achieved through job cuts, attrition and fewer contractors as part of its restructuring plan.


Harrison is an American-born retired CEO of Canadian National Railway and is credited with turning the Montreal-based company into the most efficient major railway in North America.


Earlier this year, CP CEO Fred Green announced his departure, ending a months-long battle that pitted New York activist investor Bill Ackman against the board of directors. The railroad has since elected a new board.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds