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Railroads and labor unions reach tentative deal to avert strike
The last-minute railroad labor deal avoids massive disruptions to the flow of key goods and commodities around the country.
www.cnbc.com
- Railroads and workers’ unions reached a tentative labor agreement early Thursday.
- The deal averts a national rail strike that threatened to shut a major segment of the U.S. transportation network.
- The new contracts provide 24% pay increases over five years from 2020 through 2024 and include immediate payouts averaging $11,000 upon ratification, in addition to an extra paid day off for workers