Posts tagged freight rail union
The Standoff Between Workers and Their Bosses Is Set To Heat Up in 2023
December 15, 2022 // Now, the strong labor market that emboldened workers is softening. The unemployment rate ticked up to 3.7% in November—it had gone as low as 3.5%—–and high-profile tech and media companies have recently cut their payrolls through steep layoffs. But that doesn’t mean workers are losing the upper hand, says Thomas Kochan, a professor of employment research at the MIT Sloan School for Management. If anything, the current economic conditions mean labor strife may accelerate next year. “I expect what we’ll see is more conflict, more strikes, and more contract rejections,” Kochan says. Workers are still focused on companies’ profits during boom years, he notes, while companies are starting to trim costs to prepare for an economic downturn. “It’s that difference in expectations,” he says, “that creates a higher probability of conflicts and strikes.”
Biden to Congress: Intervene in labor dispute, avert rail strike that would ‘devastate’ US
November 29, 2022 // With a Dec. 9 strike deadline fast approaching, Biden urged Congress to adopt "without any modifications or delay" an agreement brokered by the White House in September between labor unions and rail operators. Four of the 12 unions have voted to reject the five-year agreement, which was intended to avoid a shutdown of the nation's freight rail system. "A rail shutdown would devastate our economy," Biden said in a statement. "Without freight rail, many U.S. industries would shut down. My economic advisors report that as many as 765,000 Americans – many union workers themselves – could be put out of work in the first two weeks alone. Communities could lose access to chemicals necessary to ensure clean drinking water. Farms and ranches across the country could be unable to feed their livestock."
An election to watch, before November hits
October 26, 2022 // So far, six unions, representing less than 20 percent of the freight rail workforce, have ratified their contracts. Two unions have voted theirs down, sending their leadership back to the negotiating table to try again. At issue for the rail workers is benefits like time-off policies, not pay.