Posts Tagged ‘job cuts’

Class I’s continue to cut jobs despite profits

The Omaha-World Herald reports that Class I railroads continue to cut jobs, despite earning large profits. Altogether, the railroads have cut 25,000 jobs or 13 percent of their personnel in recent years.

With companies cutting jobs left and right, and with freight volumes on an uprise (about 4 percent from a year ago), it poses the question as to whether safety is even on the radar of the railroads and how much can this bare-bones workforce handle?

Click here to read more from Omaha-World Herald.

Union Pacific to cut 750 jobs

Union Pacific (UP) announced that they plan to layoff 500 managers (8 percent) and 250 railroad workers in an effort to cut costs. Most of the manager jobs being cut are located at UP headquarters in Omaha, Neb.

Click here to read more from ABC affiliate KETV 7.