Rail union strike would create a ‘crippling’ economy, industry official warns

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

OFF THE RAILS: Experts warn looming rail strike would devastate economy

in the middle of the Christmas shopping rush. While eight have already agreed to the deal negotiated by the Presidential Emergency Board appointed by President Biden, a strike could happen as early as Dec. 9.

Railroad companies are"ready, willing and able" to reach new rail union agreements, Association of American Railroads President and CEO Ian Jeffries said on"Varney & Co." Tuesday, November 22, 2022. In October, the AAR had estimated that the strikes’ disruption to the supply chain would cost the U.S. economy"That's exactly why we need to do everything we can to avoid an economic crippling, work stoppage that's in no one's interest whatsoever," Jeffries said Tuesday. "Not our employees' interests, not the carriers' interests, not our customers' interests.

While the original agreement gave rail workers a 24% wage increase during a five-year period and thousands of dollars in bonuses, some unions have voiced concerns about the lack of sick time off. "The [National Carriers' Conference Committee] stated we have sick benefits, that is true. But to start claiming the benefits, you need to be off 7 days – 7 days without pay," a Brotherhood of Maintenance of Way Employees Division of the International Brotherhood of Teamsters memberHe recalled one worker who took off 10 days because he had COVID-19 and was paid only $74 over that time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And you can bet Republicans are cheering it on.

Well, let’s nationalize the railroads and make them not for profit, hire more skilled labor, give them all reasonable schedules, and fair wages. Let’s do it for medical care too. Get rid of capitalist parasites in key industries.

Stock market is up nicely today in response to terrifying fear of rail strike. Or maybe the strike will last a day or two amount to nothing. Unions are good.

Greed

...devastate...more

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With a strike looming, railroad unions and management head back to negotiating table | CNN BusinessWith a crippling freight rail strike looming in two weeks, leaders of four railroad unions and management of the major US freight railroads are due back at the negotiating table Tuesday afternoon. Where’s the golden girl himself mrs buttigieg. Isn’t this what he was hired to prevent from happening. Clowns and propagandist at CNN trying to make us tolerate pedophile groomers because someone shot up a gay bar ch 15 suey
Source: CNN - 🏆 4. / 95 Read more »