Norfolk Southern Reaches Tentative Collective Bargaining Agreements With All General Committees Representing Smart-TD; Early Agreements Now Cover Nearly 65% Of Company's Union Workforce; Agreement Provides 3.5% Wage Increase Per Year
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern has reached tentative collective bargaining agreements with all general committees representing Smart-TD, covering nearly 65% of its union workforce. The agreement includes a 3.5% wage increase per year.
September 04, 2024 | 1:53 pm
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Norfolk Southern has reached tentative agreements with Smart-TD, covering 65% of its union workforce, with a 3.5% wage increase per year.
The agreement with Smart-TD is significant as it covers a large portion of Norfolk Southern's workforce, potentially leading to improved labor relations and stability. The 3.5% wage increase is a manageable cost for the company, likely viewed positively by investors.
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