1,600 to be laid off at CN Rail due to weakening economy

The global trade dispute between the United States and China appears to be an important factor.

ADVERTISEMENT
Image
Ali Taghva Montreal QC
ADVERTISEMENT

The Canadian National Railway will be laying off almost 2000 staff members.

According to a report by the Globe and Mail, the Canadian National Railway Co. is laying off roughly 1,600 people, as freight volumes decline largely due to trade tensions and the overall weakening North American economy.

To provide some perspective, the company says it has about 24,000 staff.

This is nearly 7% cut across the board.

According to Global News, a spokesperson for CN said some employees would be placed on furlough and management and union job numbers would be cut “due to a weakening of many sectors of the economy.”

“These adjustments have already started to take place across the network,” senior media relations adviser Alexandre Boulé said in an emailed statement.

ADVERTISEMENT
ADVERTISEMENT

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me next month

To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2024 The Post Millennial, Privacy Policy | Do Not Sell My Personal Information