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Biden announces tentative railway labor agreement to avert strike


Mainecat

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Nice work….

Biden announces tentative railway labor agreement to avert strike

 

Last edited Thu Sep 15, 2022, 07:24 AM - Edit history (2)

Source: CNBC

President Joe Biden announced a tentative railway labor deal early Thursday to avert a national rail strike that threatened to shut a major segment of the U.S. transportation network. The last-minute deal avoids massive disruptions to the flow of key goods and commodities around the country. About 40% of the nation’s long-distance trade is moved by rail. If the unions had gone on strike, more than 7,000 trains would have been idled, costing up to an estimated $2 billion per day. 

The deadline for an agreement was midnight Friday morning. “The tentative agreement reached tonight is an important win for our economy and the American people,” Biden said in a statement. “It is a win for tens of thousands of rail workers who worked tirelessly through the pandemic to ensure that America’s families and communities got deliveries of what have kept us going during these difficult years.” The White House had been in talks with railroad workers’ unions and companies for several months, but negotiations were hung up over unpaid sick time.  

The new agreement would improve rail workers pay, working conditions, and give them “peace of mind around their health care costs,” Biden said. He thanked railroad unions and companies for negotiating “in good faith.” The new contracts provide rail employees a 24% wage increase during the five-year period from 2020 through 2024, including an immediate average payouts of $11,000 upon ratification, according to the Association of American Railroads. All tentative agreements are subject to ratification by the unions’ membership. 

Tentative agreements have been reached with the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters, the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division, and the Brotherhood of Railroad Signalmen, which collectively represent approximately 60,000 employees, the Association of American Railroads said in a press release. “I thank the unions and rail companies for negotiating in good faith and reaching a tentative agreement that will keep our critical rail system working and avoid disruption of our economy,” Biden said in a statement.

Read more: https://www.cnbc.com/2022/09/15/president-joe-biden-says-tentative-railway-labor-agreement-reached.html  
 
 

 

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14 minutes ago, Mainecat said:

Joe averted a huge 2 billion dollar a day hit to the American economy.

You do realize that cancelling the Keystone XL pipeline meant that some of that 830,000 barrels per day has to be moved by rail..... and crude volumes must compete with grain, as well as other commodities, for the same rail track. 

Edited by racer254
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21 minutes ago, Mainecat said:

Joe averted a huge 2 billion dollar a day hit to the American economy.

Joe didn't do shit.  Except shit.  In his diaper.  Another false front to prop up this failure of an administration.  Fer fucks sake....

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7 hours ago, X2700 said:

I’m surprised railworkers complaining?

know half dozen guys making some good $ working railway.

have great pension plan also but like everything probably some at the bottom making shit.

It’s the work hours. They’re fucking brutal. 

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2 hours ago, racer254 said:

You do realize that cancelling the Keystone XL pipeline meant that some of that 830,000 barrels per day has to be moved by rail..... and crude volumes must compete with grain, as well as other commodities, for the same rail track. 

Start a post about keystone. Changing the narrative is a rethug tactic.

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