The International Brotherhood of Boilermakers and Union Pacific Railroad (UNP) reached an agreement that “guarantees job security for union employees after Union Pacific and Norfolk Southern (NSC) merge to build America’s first coast-to-coast railroad,” the parties stated. “The Boilermakers union looks forward to continued collaboration with Union Pacific and Norfolk Southern as this merger advances,” said Timothy Simmons, IBB president. “We believe the commitments already in place – and the shared understanding reflected in our agreement – lay the groundwork for a stronger, more resilient and more opportunity-rich future for every union Boilermaker serving the railroad industry.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNP:
- DOJ to join STB’s review of Norfolk Southern-Union Pacific deal, CTFN says
- BRC union reaches agreement with Union Pacific
- Union Pacific Shareholders Approve Merger with Norfolk Southern
- Third Point adds Norfolk Southern, cuts Apollo in Q3
- M&A News: Union Pacific (UNP) and Norfolk Southern Shareholders Approve Merger