Canadian National Railway to Cut More Than 1,100 Jobs

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Last updated at: (Beijing Time) Wednesday, November 27, 2002

Canadian National Railway to Cut More Than 1,100 Jobs

Canadian National Railway (CNR) is eliminating 1,146 jobs in the form of layoffs, early retirement and attrition, the county's largest railway company said in a statement issued Tuesday.

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Canadian National Railway (CNR) is eliminating 1,146 jobs in the form of layoffs, early retirement and attrition, the county's largest railway company said in a statement issued Tuesday.

The company said 25 percent of the cuts will come through layoffs, 30 percent will come from normal attrition and retirement,while the remaining 45 percent will be made through early retirement.

Roughly two-thirds of the cuts will be made in Canada and the rest will be made in its branches in the United States.

"CNR must leave no stone unturned in this productivity initiative given difficult conditions in our bulk commodity businesses and escalating labour costs," said Paul Tellier, the company's president and chief executive officer.

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