MONTREAL — Canadian National Railway will cut management and union jobs, a move that could affect as many as 1,600 employees in the U.S. and Canada.
A Friday report by the Globe and Mail newspaper of Toronto (subscription required) cited a source at the railroad for the job figure. The railroad confirms there will be job cuts, the CBC reports, but would not say how many jobs will be involved.
The CBC quotes CN spokesman Alexandre Boule as saying “the company is adjusting its resources to demand” in the wake of its third-quarter financial results. While revenues and profits increased, traffic volume fell, leading to an adjusted outlook for 2019. [See “CN lowers outlook for year as economy slows,” Trains News Wire, Oct. 23, 2019.]
Boule said, “This includes the difficult decision of adjusting its workforce to demand levels by placing some employees on furlough and reducing both management and union job numbers due to a weakening of many sectors of the economy. These adjustments have already started to take place across the network.”