CP Railway plans Calgary HQ move to cut costs say unions, source

(Reuters) – Canadian Pacific Railway is planning to relocate much of its head office from downtown Calgary, union officials and a source close to the company said, under a restructuring plan that its new chief executive will detail to investors in early December.

Chief Executive Hunter Harrison told U.S. union leaders and a Canadian union president that Canada’s second-biggest railroad will move employees out of its glass-towered headquarters as part of an ambitious cost-cutting plan.

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