Posts tagged Norfolk Southern
Looming rail strike could impact US economy ahead of holidays
November 17, 2022 // All 12 rail unions must approve their deals to prevent a strike, although no strike is imminent because all the unions have agreed to keep negotiating even if their members vote no, until a deadline early next month. Seven other unions have ratified the five-year deals that include 24% raises and $5,000 in bonuses. The focus now is on the three unions that have voted down their agreements and the remaining two that haven't finished voting.
Worry over rail strike prompts businesses to seek White House intervention
October 28, 2022 // Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the Biden administration and Congress to be ready to intervene. A coalition of 322 business groups from a variety of industries signed off on a letter to President Joe Biden Thursday urging him to make sure the deals he helped broker last month get approved because a railroad strike would have dire consequences for the economy. All 12 rail unions must approve their agreements to prevent a strike next month.
Railroad worker negotiations head off the rails over paid sick leave
October 26, 2022 // November 17, the two largest unions announce their votes, and a few days later the deadline for BMWE's cooling off period expires. The possibility of a holiday strike looms.
Railroads back plan calling for 24 percent raises but workers wary
August 22, 2022 // Both sides have 30 days to negotiate a new contract before federal law would allow a strike or lockout, but even if they can’t reach an agreement Congress is likely to intervene to prevent a strike that would disrupt the flow of goods across all sectors of the economy. The unions were still reviewing the 124-page report Wednesday — one day after it was issued — and didn’t immediately comment on the details. But individual railroad workers commenting about the report on Twitter said it didn’t do enough to address their concerns about restrictive attendance policies that make it hard to take days off and demanding working conditions after thousands of jobs have been cut in recent years.