Reuters — Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown.
The company will lay off 1,600 employees in the U.S. and Canada, according to a report by the Globe and Mail.
The announcement comes amid declining freight volumes as trade tensions have weighed on the North American economy.
The number of people to be laid off could rise if demand from rail customers continues to decline, the Canadian newspaper said, citing a person familiar with the matter.
A CN spokesman said the action, which includes sending some of its employees on temporary leave, has already begun across its network.
— Reporting for Reuters by Dominic Roshan K.L. in Bangalore.Tagged Canadian National, cn, freight, layoffs, railway, trade, volumes