The White House has appointed a special board to try and prevent a strike among major U.S. railroads that could hinder supply chains.
A plan to help get stalled railroad contract talks moving contains a proposal of raises and bonuses.The proposal calls for 115,000 rail workers to get 24% raises and thousands of dollars in bonuses.
Railroads and unions will include those recommendations in a new round of negotiations over the next month. A BNSF freight train with 76 container cars and FedEx freight trailers travels from Seattle to points east.Federal law would allow a strike or lockout, if the two sides can't agree on a new deal by mid-September.A railroad strike could devastate businesses that rely on Union Pacific, BNSF, Norfolk Southern, CSX and other / AP Newsroom)
The report was distributed to the parties Tuesday, and The Associated Press obtained a copy of it, but theThe railroads entered the Presidential Emergency Board process a month ago far apart from the 12 unions taking part. A total of 12 unions are involved and have been seeking a 31% raise over the five years while the railroads were offering only 17% in compounded raises.
FILE- A BNSF rail terminal worker monitors the departure of a freight train, on June 15, 2021, in Galesburg, Ill. The special board appointed by President Biden to intervene in the stalled railroad contract talks submitted its recommendations to theBesides the wage increase and bonuses, the report recommends adding an additional paid day off each year and keeping the same health insurance plan, but having workers take on a larger share of the cost.The Associated Press contributed to this report.
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