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Search resuls for: "Way Employees"


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☆ Rail strike potential grows, threatening to worsen supply chain backlogs, inflation
  + stars: | 2022-11-17 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com   time to read: +12 min
That’s how much paid sick leave some freight rail workers are demanding from the rail companies before they sign new contracts. Rail workers say years of grievances about workforce cuts, coupled with new scheduling requirements, have pushed them to the brink of exhaustion. But if any of the unions decides to strike, all rail unions will honor the work stoppage. Kennedy said the union had never agreed to higher wages at the expense of a benefit like paid sick leave. “A rail strike, even one of short duration, would be catastrophic,” said John Drake, a vice president at the Chamber of Commerce.
☆ With U.S. economy at risk, here's how a national rail strike could start in December
  + stars: | 2022-11-17 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
The strike prep calendar for rail operators, customers, and logistics managers continues to be in flux with a lack of coordination between key rail unions leaving open the potential for two strike dates in December. BMWED, which represents the Brotherhood of Maintenance of Way Employees, is scheduled to strike on December 5 with the The Brotherhood of Railroad Signalmen (BRS). But unlike BMWED, the BRS — which can also strike after its cooling-off period ends on Dec. 4 — has not indicated whether it will extend its deadline for talks. According to federal safety measures, railroad carriers begin prepping for a strike seven days before the strike date. The carriers start to prioritize the securing and movement of security sensitive materials like chlorine for drinking water and hazardous materials in the rail winddown.
☆ Chemicals industry warns that rail strike will shut plants and cost economy billions
  + stars: | 2022-11-16 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
Ninety-six hours before a strike deadline, all chemical shipments are no longer moved. "We would expect a similar dramatic reduction in chemical shipments if an embargo were to take place this month." The start of rail strike preparation will depend on the voting results from some of the largest rail unions yet to ratify the labor deal recommended by President Biden's Presidential Emergency Board. If SMART-TD or BLET rejects the agreement, the strike date would be December 9, the day after their cooling-off period ends. BMWED has said it would extend its own cooling-off period to align with the new strike date.
☆ Key freight rail union BMWED extends deadline for strike that threatens U.S. economy
  + stars: | 2022-11-09 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
The Brotherhood of Maintenance of Way Employees Division, the third largest rail union in the country, is extending its status quo period (no strike, no lockout) during which it wants to continue negotiations with the freight rail carriers. Meanwhile, two major rail unions are set to vote on ratifying the deal on Nov. 21: The Brotherhood of Locomotive Engineers and Trainmen, and the Smart Transportation Division. The rail industry has previously estimated the cost to the economy of a rail strike at $2 billion per day. The BMWED was the first rail union to vote against ratification of a labor agreement negotiated in conjunction with Biden's PEB. All 12 labor unions must ratify a labor agreement to avoid the potential for a nationwide rail shutdown.
☆ U.S. rail union representing 4,900 workers narrowly approves contract
  + stars: | 2022-11-05 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON, Nov 5 (Reuters) - A labor union representing about 4,900 rail workers said on Saturday that members narrowly ratified a tentative contract agreement with freight railroads in the United States. The union representing locomotive machinists, roadway mechanics, and facility maintenance personnel is the seventh of 12 to approve the deal, while two unions previously voted to reject the national deal announced in mid-September. Last month, the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal as did the Brotherhood of Maintenance of Way Employees (BMWED), which represents 11,000 workers. The rail deal included a 24% percent wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years. The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern .
☆ We've got plenty of time to work through a potential railroad employee strike, says AAR's Jefferies
  + stars: | 2022-10-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've got plenty of time to work through a potential railroad employee strike, says AAR's JefferiesIan Jefferies, Association of American Railroads president and CEO, joins 'The Exchange' to discuss the stumbling block point for railway employees, if he is hopeful for a new railroad employee deal and more.
☆ Threat of rail strike rises as members of another union reject proposed labor deal
  + stars: | 2022-10-26 | by ( Chris Isidore Cnn Business Vanessa Yurkevich | Chris Isidore | Cnn Business | ) edition.cnn.com   time to read: +6 min
They also give union members cash bonuses of $1,000 a year. All told, the backpay and bonuses will give union members an average payment of $11,000 per worker once the deal is ratified. After BMWED rejected their tentative deal, union leadership proposed adding paid sick days during a bargaining session, only to have management reject the motion out of hand. Congress can also prevent or end a strike by extending a cooling-off period or imposing a contract on union members. Union members working in other industries have recently balked at approving deals, even when recommended by their leadership.
☆ Renewed threat of rail strike has supply chain managers ramping up contingency plans
  + stars: | 2022-10-20 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
Logistics managers are dusting off their plans for a possible railroad strike in November that could wreak havoc on the supply chain and cost the U.S. economy up to $2 billion a day. "Now is not the time to introduce new demands that rekindle the prospect of a railroad strike," the NCCC said in a statement. Tom Nightingale, CEO of AFS Logistics, tells CNBC that logistics managers are fielding calls from customers in anticipation of a possible strike. "Shippers had a lot of sensitivity to the potential rail strike," Nightingale said. "Shippers don't want cargo with a limited shelf life sitting at a rail yard, particularly commodities like chemicals and refrigerated food and beverage," he said.
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