Norfolk Southern announces tentative collective bargaining agreement with IBEW
The Fly

Norfolk Southern announces tentative collective bargaining agreement with IBEW

Norfolk Southern (NSC) announced that it has reached a tentative five-year collective bargaining agreement with the International Brotherhood of Electrical Workers, or IBEW. “The most recent agreement pushes the coverage of the union workforce under early tentative deals to approximately 67%. The agreement, which is subject to ratification, arrives in advance of the next collective bargaining round, providing covered employees with assurances that they will receive significant upcoming improvements to their pay, healthcare, and vacation benefits,” the company stated. “Norfolk Southern is committed to working with all of our labor unions to ensure that our craft railroaders receive the best possible pay and benefits for the contributions they make every day to power the American economy. We’re delighted to reach this new tentative agreement with IBEW so that we can reward these employees, without delay, for the critical work they do to keep the steel wheels rolling,” said Mark George, Norfolk Southern President and CEO.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App