![]() The Association of American Railroads hailed the agreement as historic, noting that upon ratification, workers will see an immediate average payout of $16,000 in retroactive raises and bonuses.īut a significant number of rail workers have said it's not enough. President Biden called it an important win for the economy, the American people, and for rail companies and workers alike.īusiness Biden says tentative railway labor deal has been reached, averting a strike ![]() Based largely on the recommendations of an emergency board appointed by President Biden, the deal gave workers a 24% raise over five years, one additional personal day, and modest modifications to strict attendance policies, among other things. In mid-September, following marathon negotiations in Washington that dragged on into the wee hours of the morning, there was an agreement - a tentative one. The tentative agreement brokered in Washington disappointed many rail workers You could be forgiven for thinking - Wait, what? Wasn't this already settled? On Monday, we'll find out whether the two largest rail unions have approved or rejected the proposed five-year deal. The nation's freight rail companies and some of their workers have yet to settle on a new contract after three years of negotiations. We could soon see a repeat of that scenario. Remember earlier this fall when the country came within hours of a nationwide rail strike? Freight cars wait to be hauled out of the Norfolk Southern Conway Terminal in Conway, Pa., on Sept.
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