Norfolk Southern Reaches Labor Deal
Norfolk Southern said today it has reached a tentative new labor agreement with its 5,100 locomotive engineers that would extend through 2014. The new contract, which awaits ratification by the employees, would maintain the existing contract's link between engineers' compensation and the Norfolk-based railroad's performance. The engineers, who are represented by the Brotherhood of Locomotive Engineers and Trainmen, would also receive wage increases, additional incentive pay for weekend and holiday work, and increased matching 401(k) contributions, the company said in a statement.
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