Stock Watch: Canadian National (NYSE:CNI) prepared for lockout, labor negotiations reach impasse; Independent Bank (NASDAQ:INDB), MRC Global (NYSE:MRC)
Canadian National (NYSE:CNI) saying its labor negotiations with Unifor have reached an impasse after almost six months of bargaining, urged the union to accept that binding arbitration is the best way to settle their outstanding contractual differences. Barring such an agreement over the weekend, CN will exercise its right under the Canada Labour Code to lockout Unifor’s 4,800 members at CN on Monday, February 23.…
