'Our research shows just how far railroad executives will go to funnel record profits to their shareholders—even if that means stagnant wages, inhumane attendance policies, and throwing our supply chain into further turmoil.'—MikeDMitchell2 of Groundwork
As Groundwork's new analysis points out, Union Pacific chief executive officer Lance Fritz told investors on a July call that the company had cut staff by a third since 2018 and said,"We've got to do some other unique and creative things with our labor unions in order to make our crews more available and more productive."
Like Fritz at Union Pacific, CSX chief executive officer James Foote told investors on a July call that workers at his company"are not happy that they didn't get a raise for 2.5 years" and expressed hope that the PEB"puts out a recommendation that's a win-win for both sides." Mark George, the CFO of Norfolk Southern, meanwhile, also attributed high attrition rates to a so-called"lifestyle challenge" occurring"in a very unique [labor] market where everybody is looking for talent."
Last week, labor lawyer Jenny Hunter and Terri Gerstein, director of the State and Local Enforcement Project at Harvard Law School's Labor and Worklife Program,that railroad companies nearly inflicted an economic catastrophe on the U.S. because they chose profit-maximization over humane workplace policies.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.
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