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Norfolk Southern reaches agreements with four labor unions

Published 08/23/2024, 05:37 PM
Updated 08/23/2024, 06:01 PM
© Reuters. FILE PHOTO: Coal trains approach Norfolk Southern's Williamson rail yard in Williamson, West Virginia at the border of Pike County, Kentucky May 13, 2015. For use with Insight COAL-USA/KENTUCKY REUTERS/Valerie Volcovici/File Photo
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(Reuters) -Norfolk Southern, in partnership with BNSF Railway, said on Friday it has reached tentative, five-year collective bargaining agreements with four labor unions.

The agreements provide a 3.5% average wage increase per year over the next five years, more vacation and some enhancements to healthcare benefits.

Subject to ratification, the agreements cover about 30% of Norfolk Southern (NYSE:NSC)'s union workforce and come four months before the opening of the next collective bargaining round, the company said.

© Reuters. FILE PHOTO: Coal trains approach Norfolk Southern's Williamson rail yard in Williamson, West Virginia at the border of Pike County, Kentucky May 13, 2015. For use with Insight COAL-USA/KENTUCKY REUTERS/Valerie Volcovici/File Photo

The unions that the company reached agreements with are the Brotherhood of Railway Carmen Division/TCU, the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department (SMART-MD) and the Transportation Communications Union/IAM.

Norfolk Southern also has reached tentative agreements with multiple general committees of the transportation division of SMART.

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