Railway Labor Unions reach deal
An agreement was reached between the Railway Labor Union.
President Joe Biden’s administration has reached a tentative deal to avert a railroad strike that could have devastated the U.S. economy.
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Houston, TX – Negotiators have just reached a tentative deal to avert a rail strike that could have devastated our economy.
All 13 railroad unions in the United States have contracts with railroads. News of the deal came hours before a midnight deadline, averting the first rail strike in 30 years.
Professor Alan Zarumbsky is the Director of Railway Engineering at the University of Delaware. He says that railways Plays an important role in American transportation.
The railway union voted to authorize a strike that could hurt the economy
Major freight railroads and union leaders reached a tentative labor agreement.
(Joy Addison/Fox News)
“If we look around the world, we see that railroads have always played a key role in the movement of passengers and the movement of goods,” Zarumbski said.
gave Negotiations on a new contract Started about 3 years ago. Unions demanded raises, better attendance policies, vacation and sick days.
“The presidential emergency board recommendations looked at both sides and said ‘yes, there’s a point of labor, there’s a point of administration, and this is what we’re going to recommend in the middle,'” Zarumbsky said.
After 20 straight hours of negotiations, the new contracts offer a 24 percent pay increase through 2024, a 14.1 percent wage increase effective immediately, and five annual $1,000 lump-sum payments.
Rail strike averted, tentative agreement reached.
After 20 straight hours of negotiations, the new contracts offer a 24 percent pay increase through 2024, a 14.1 percent wage increase effective immediately, and five annual $1,000 lump-sum payments.
(Joy Addison/Fox News)
The new deal averted a national rail strike that would have affected more 60,000 railway employeesStopping more than 7,000 trains, and potentially costing the US economy up to $2 billion a day.
The new deal averted a national rail strike that would have affected more than 60,000 railroad workers and stopped more than 7,000 trains.
(Joy Addison/Fox News)
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In a statement, Union Pacific said, in part: “All tentative agreements are subject to ratification by the unions’ membership.”