Union Pacific to trim management staff
Union Pacific Railroad said yesterday that it plans to eliminate “several hundred” management jobs in Omaha and elsewhere in the coming months, as the Class I addresses falling cargo volume, according to a report on Omaha.com.
The job cuts, which will come from “terminations and attrition,” are part of “necessary steps to align resources with current business requirements,” according to the article, which cited a company statement.
“For our company’s long-term success, we must take these painful actions to balance workforce levels with today’s business demands,” UP President and Chief Executive Officer Lance Fritz said in the statement.
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