President Joe Biden Says Tentative Railway Labor Agreement Reached
President Joe Biden announced a tentative railway labor deal early Thursday, a last-minute agreement that averts a national rail strike.
The agreement would improve rail workers pay, working conditions, and give them"peace of mind around their health care costs," Biden said in a statement. The new contracts provide rail employees a 24% wage increase during the five-year period from 2020 through 2024, including an immediate payout on average of $11,000 upon ratification, according to the Association of American Railroads. All tentative agreements are subject to ratification by the unions' membership.
Tentative agreements have been reached with the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters, the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division, and the Brotherhood of Railroad Signalmen, which collectively represent approximately 60,000 employees, the Association of American...
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