While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks – Kenny Stancil - News Summed Up

While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks – Kenny Stancil


Groundwork’s analysis—based on recent corporate earnings calls from Union Pacific, CSX, Canadian National Railway, and Norfolk Southern—sheds new light on the dynamics underlying rail workers’ ongoing fight for more safety and dignity in the workplace. When it comes to shoveling more money to investors, Groundwork found that Union Pacific is leading the pack in 2022. As the pair wrote:It should not be controversial to say it, but: People should have sick leave so they do not have to come to work when they get sick. The United States, unlike many countries, does not have a national law guaranteeing sick leave; if we did, the railroads’ attendance systems would be clearly illegal. As a pair of unions representing tens of thousands of rail workers has stressed, however, the proposed deal still must be approved by rank-and-file members in an upcoming ratification vote.


Source: Washington Post September 22, 2022 06:01 UTC



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