Posts tagged merger
Teamsters Local 92 Federal Credit Union merges with 7 17 Credit Union
January 5, 2026 // In August 2025, 7 17 began supporting Teamsters Local 92 FCU by providing additional expertise and resources as a larger credit union. As the collaboration progressed, 7 17 was invited to serve as a merger partner because of its expertise and capabilities given the increasing technology and compliance requirements facing financial institutions today. “Our history is deeply rooted in the labor movement, and we know the pride and power that come from standing together,” said 7 17 CEO John Demmler. “It’s a true example of banking with purpose, building stronger communities — and together, we can accomplish more than we ever could alone.”
Union Pacific, Norfolk submit papers for regulatory review of $85 billion merger
December 23, 2025 // The proposed merger, which allows for faster shipping by cutting handoffs and delays, has faced criticism from unions, lawmakers, and rival railroads since its announcement. “As time and technology continue to transform how freight is delivered, our industry must keep pace and move forward, reaching underserved markets with new rail solutions and strengthening the U.S. supply chain,” Union Pacific CEO Jim Vena said in a statement on Friday.
2 big rail unions oppose $85B Union Pacific-Norfolk Southern merger over safety and cost concerns
December 18, 2025 // The unions’ decision they plan to announce Wednesday will make the Brotherhood of Locomotive Engineers and Trainmen and the Brotherhood of Maintenance of Way Employes Division two of the most prominent critics of the deal to create the nation’s first transcontinental railroad. They join the American Chemistry Council, an assortment of agricultural groups and competing railroad BNSF in raising concerns that this combination would hurt competition. But the deal has picked up the support of the nation’s largest rail union that represents conductors and hundreds of individual shippers as well as an Oval Office endorsement from President Donald Trump.
Union Pacific, Boilermakers Union Agree to Job Security Pact Amid Norfolk Southern Merger
December 1, 2025 // The agreement ensures employees who work at both Union Pacific and Norfolk Southern at the time of the merger will have job security for life, subject to usual requirements for continued employment. Union Pacific previously reached agreements with the transportation division of the International Association of Sheet Metal, Air, Rail and Transportation workers, the National Conference of Firemen and Oilers and the Brotherhood of Railway Carmen.
Biggest rail union joins others in endorsing Union Pacific merger but some still have reservations
September 23, 2025 // The SMART-TD union that represents conductors and other rail workers said Union Pacific put CEO Jim Vena’s promise not to lay off any of its workers as a result of the merger in writing and promised to protect their jobs throughout their careers. But the head of one of the next biggest unions said he doesn’t think this deal does nearly enough to protect rail jobs, so he’s not ready to support the merger that would create the nation’s first transcontinental railroad. The union’s endorsement comes just days after President Donald Trump told reporters in the Oval Office that he deal sounds good to him, but groups like the American Chemistry Council and the Rail Customer Coalition have said they worry that allowing two of the six largest railroads to merge will only hurt competition and lead to even higher shipping rates.
Two unions announce opposition to UP-NS merger (revised)
July 30, 2025 // Two unions — the International Association of Sheet Metal, Air, Rail and Transportation Workers, and the Transport Workers Union of America — have announced their opposition to the Union Pacific-Norfolk Southern merger proposed today by the two railroads. SMART said it will oppose the merger when it goes to the Surface Transportation Board for approval, while the TWU — which represents some Norfolk Southern workers — said it “strongly opposes” the deal and is urging regulators, lawmakers, shippers and unions to block the transaction. Other unions have also expressed concern about the creation of a coast-to-coast railroad that would cover more than 52,000 miles and employ more than 52,000 people, although few have done so in language as strong as that of TWU International President John Samuelsen. In a statement, he called UP’s safety record “shameful” and said, “There is no world where Union Pacific should be controlling a coast-to-coast rail network.
CBS News Digital Staffers Say Fight for Contract Improvements Continue a Year After WGA Unionization
June 20, 2025 // The unionized journalist, editors and social media producers call on management to meet “in good faith” ahead of their current last scheduled bargaining date of June 24
Fearing AI will take their jobs, California workers plan a long battle against tech
January 19, 2025 // More than 200 trade union members and technologists gathered in Sacramento this week at a first-of-its-kind conference to discuss how AI and other tech threatens workers and to strategize for upcoming fights and possible strikes. The Making Tech Work for Workers event was convened by University of California labor centers, unions, and worker advocates and attracted people representing dock workers, home care workers, teachers, nurses, actors, state office workers, and many other occupations.
US Steel Launches ‘Longshot’ Attack on Union in Merger Fallout
January 16, 2025 // While a union’s support or opposition doesn’t guarantee an outcome, it can be used to extract concessions or secure agreements from merging employers, Posner said.
Opinion: Mitch McConnell: Nippon Steel Isn’t the Enemy
January 10, 2025 // In Georgetown, Ky., hundreds of skilled workers build automotive parts at a facility owned by Nippon Steel. About 5 miles away, another Japanese firm, Toyota, employs nearly 10,000 people full-time at the company’s largest vehicle-manufacturing plant in the world. Toyota recently announced more than $2 billion in new investments to expand and modernize its facilities there. Japan likely wonders why the Biden administration considers a major investment in American jobs and manufacturing a national-security risk but not its purchase of cutting-edge American military technologies.