Canadian Pacific Wants Gov't Mediator For Pension Talks

Law360, New York (February 17, 2012, 5:04 PM EST) -- Facing a shareholder revolt, an activist private equity investor and revved-up competition from its biggest rival, Canadian Pacific Railway Ltd. on Friday sought the help of a government mediator for stalled union negotiations.

The embattled railroad is trying to cut its labor costs as part of a turnaround plan meant to tackle inefficiencies and challenge industry leader Canadian National Railway Co. It has sparred publicly in recent months with its new private equity investor, Pershing Square Capital Management LP, over how best to turn the corner....
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