Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Norfolk Southern to give up to seven paid sick days per year to union members

Published 03/10/2023, 06:05 PM
Updated 03/10/2023, 06:10 PM
© Reuters. FILE PHOTO: A Norfolk Southern train rests near the University of North Carolina's energy generation plant, after delivering coal to the facility, in Chapel Hill, North Carolina, U.S. August 11, 2022. REUTERS/Jonathan Drake/File Photo

(Reuters) - U.S. rail operator Norfolk Southern (NYSE:NSC) Co said on Friday it has reached an agreement with two of its labor unions to provide up to seven paid sick days a year to its members.

The company said it will provide four days of paid sick leave and allow members to use up to three additional days of existing paid time off as sick leave.

The agreements were reached with the International Association of Sheet Metal, Air, Rail, Transportation Workers, Mechanical Department (SMART-MD) and the International Brotherhood of Electrical Workers (IBEW) and will immediately benefit about 650 railroaders.

This comes a month after White House officials renewed pressure on executives from the largest U.S. railroad operators to reach an agreement to secure paid sick leave for workers after President Joe Biden signed legislation to block a national railroad strike in December.

After the U.S. railroads completed their union labor agreement last year, Norfolk Southern said it would hammer out local terms for paid sick leave and other quality of life issues for their workers.

With Friday's announcement, six of the 12 unions representing Norfolk Southern employees have locally negotiated paid sick leave benefits, the railroad said.

© Reuters. FILE PHOTO: A Norfolk Southern train rests near the University of North Carolina's energy generation plant, after delivering coal to the facility, in Chapel Hill, North Carolina, U.S. August 11, 2022. REUTERS/Jonathan Drake/File Photo

A company representative was not immediately available for additional comment.

Norfolk Southern has been facing criticism from the U.S. government recently after a number of train derailments, including a devastating Feb. 3 derailment in East Palestine, Ohio, of a freight train carrying hazardous materials.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.