Union Pacific to eliminate 500 American managers, 250 American rail workers

Union Pacific to lay off 500 managers, 250 other rail workers

OMAHA, Neb. — Union Pacific is laying off 500 managers and 250 other railroad workers to help further reduce costs.

The cuts will eliminate about 8% of Union Pacific’s managers. The Omaha, Neb.-based railroad told the affected workers Wednesday that their jobs will be eliminated by mid-September.

Union Pacific CEO Lance Fritz says the railroad decided that eliminating open positions through attrition and improving productivity wasn’t doing enough to cut costs.

Read More…


Source