More good news on the industry. From the UP site
Canadian Pacific Railway is cutting 600 union jobs, restricting air travel and suspending bonuses in a bid to weather the recession, reports the Globe and Mail citing an internal company message.
In the message to staff, CP Chief Executive Fred Green said the "coming months will not be easy ones." He said his goal is to get the "franchise back on track" by focusing on "containing costs on all fronts, in tough ways," the newspaper reported, noting Green held a town hall meeting with staff on Dec. 16.
In addition to cutting 600 jobs from its workforce of 16,000 and restricting business travel, CP also is doing away with "flex days" for office staff, the newspaper said.
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