STOCK TITAN

Norfolk Southern announces paid sick leave agreement with Mechanical railroaders

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced a new agreement with the National Conference of Firemen and Oilers, providing approximately 200 Mechanical railroaders with up to seven paid sick days per year. This includes four new paid sick leave days alongside three existing paid time off days that can be used for illness. This follows a similar agreement earlier in the week with the Brotherhood of Maintenance of Way Employees, impacting 3,000 Engineering craft railroaders. The initiatives aim to enhance the quality of life for union employees, with ongoing commitments to collaborate with labor leaders for further improvements.

Positive
  • Introduction of seven paid sick days for 200 Mechanical railroaders.
  • Prior agreement extended paid sick leave to 3,000 Engineering railroaders.
  • Commitment to enhance employee welfare through union collaboration.
Negative
  • None.

Second union partners with railroad on new sick-leave benefit

ATLANTA, Feb. 24, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Friday that it has reached an agreement with another one of its labor unions to provide their members the ability to take up to seven paid sick days per year. The new paid sick leave benefit will provide these employees four new days of paid sick leave while also offering them the ability to more flexibly use three additional days of existing paid time off as sick leave. This agreement was reached in collaboration with the National Conference of Firemen and Oilers and is available immediately to approximately 200 Mechanical railroaders. 

The announcement follows Wednesday's agreement reached with the Brotherhood of Maintenance of Way Employees to extend paid sick days to 3,000 Engineering craft railroaders who work for Norfolk Southern. These announcements come on the heels of last year's agreement reached during national bargaining to provide historic wage increases and premium health care benefits to union employees.

"Norfolk Southern has reached another agreement with our union railroaders to further improve their quality of life," said Norfolk Southern President and CEO Alan Shaw. "Our craft employees are at the heart of our operation, and we will continue to collaborate with union leaders to discuss and implement new enhancements for these critical members of our team who keep our company and our country moving."

Norfolk Southern is actively engaging with all of its union leaders to collaboratively identify new ways to enhance quality of life and work predictability for its craft employees. The company looks forward to making additional progress with these leaders in the coming months to advance shared priorities that support its dedicated railroaders.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/norfolk-southern-announces-paid-sick-leave-agreement-with-mechanical-railroaders-301755797.html

SOURCE Norfolk Southern Corporation

FAQ

What recent agreement did Norfolk Southern Corporation announce regarding sick leave?

Norfolk Southern announced a new agreement providing 200 Mechanical railroaders with up to seven paid sick days per year.

How many paid sick days are provided in the new Norfolk Southern agreement?

The new agreement provides a total of seven paid sick days per year for eligible employees.

Which union did Norfolk Southern partner with for the sick leave benefit?

Norfolk Southern partnered with the National Conference of Firemen and Oilers for the sick leave benefit.

What was the date of Norfolk Southern's sick leave announcement?

The announcement was made on February 24, 2023.

Is there a previous sick leave agreement announced by Norfolk Southern?

Yes, a prior agreement was reached earlier in the week with the Brotherhood of Maintenance of Way Employees.

How many Engineering craft railroaders are affected by the previous agreement?

The previous agreement affects approximately 3,000 Engineering craft railroaders.

Norfolk Southern Corp.

NYSE:NSC

NSC Rankings

NSC Latest News

NSC Stock Data

53.83B
226.07M
0.07%
77.6%
0.98%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA