Board recommends 22% pay increase amid railroad labor dispute - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Board recommends 22% pay increase for railroad workers

with recommending a path out of the fractious contract negotiations between the large U.S. railroads and the unions representing their workers has laid out a plan splitting the difference between the two sides.

The plan is not binding but sets the stage for a new round of negotiations over the next 30 days. If the two sides can't come to an agreement by that time, a strike or lockout could take place.The sides are represented by a coalition of 12 unions representing more than 100,000 railroad workers, who sought a 28% increase in pay and the National Carriers’ Conference Committee of the National Railway Labor Conference, which proposed a 16% increase plus a one-time $1,000 bonus.

CSX — which has been on a push to grow its workforce — has acknowledged that the long-running negotiations has created challenges. Railroad profits have increased 676% since 2004 to $22.5 billion in 2021, according to the report. Morningstar projects a 36.6% increase in future earnings for railroads from 2021 to 2024.

"Although the recommended wage terms significantly exceed those proposed by the carriers in this round and are far above those contained in prior rail labor settlements, it is in the best interests of all stakeholders – including customers, employees, and the public – for the railroads and rail labor organizations to settle this dispute and prevent service disruptions," the NCCC said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 599. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Biden says Democrats defeated 'big Trump companies' in pharma-related flubPresident Joe Biden tries to avoid using former President Donald Trump's name, instead favoring 'my predecessor' or a euphemism like “the former guy.” JoeBiden TheDemocrats Yeah , whoo hoo party. JoeBiden TheDemocrats JoeBiden TheDemocrats Says the guy who swore no one making under $400k will pay a cent more in taxes. 👌🏼😂 He promoted and attempted to force vaccination 💉 for big pharma now they’re the enemy? Right. Believe the opposite and you’ll do well with this senile 🤡.
Källa: dcexaminer - 🏆 6. / 94 Läs mer »