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Norfolk Southern reaches agreements with 4 labor unions By Reuters

by Index Investing News
August 24, 2024
in Stocks
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(Reuters) -Norfolk Southern, in partnership with BNSF Railway, stated on Friday it has reached tentative, five-year collective bargaining agreements with 4 labor unions.

The agreements present a 3.5% common wage improve per yr over the subsequent 5 years, extra trip and a few enhancements to healthcare advantages.

Topic to ratification, the agreements cowl about 30% of Norfolk Southern (NYSE:)’s union workforce and are available 4 months earlier than the opening of the subsequent collective bargaining spherical, the corporate stated.

The unions that the corporate reached agreements with are the Brotherhood of Railway Carmen Division/TCU, the Worldwide Affiliation of Sheet Steel, Air, Rail and Transportation Employees – Mechanical Division (SMART-MD) and the Transportation Communications Union/IAM.

Norfolk Southern additionally has reached tentative agreements with a number of common committees of the transportation division of SMART.





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