Posts tagged Transportation Communications Union/IAM

    Freight railroads, some unions reach contract deals covering 15,000 U.S. workers

    August 30, 2022 // The International Association of Machinists and Aerospace Workers (IAM) Rail Division said the 24% compounded pay raise over the five-year contract would be the largest ever if ratified. On Aug. 16, the emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate proposed annual wage increases of 3% and 7% from 2020 to 2024 equal to a 24% compounded hike. The board also recommended five $1,000 annual bonuses and an additional paid day off.