Camb LB

Main Menu

  • Home
  • Cash advance
  • Online loans
  • Payday advance
  • Installment loans
  • Direct Lenders

Camb LB

Header Banner

Camb LB

  • Home
  • Cash advance
  • Online loans
  • Payday advance
  • Installment loans
  • Direct Lenders
Payday advance
Home›Payday advance›Rail unions refuse advance payments in favor of new deal – Chicago Tribune

Rail unions refuse advance payments in favor of new deal – Chicago Tribune

By Timothy M. Bernard
April 25, 2022
0
0

All major railroads now plan to offer their employees up to $600 a month in advance of the raises they expect to pay once the ongoing two-year-old national contract negotiations will eventually be settled.

But a coalition of unions that represents more than 105,000 rail workers said on Monday it would withhold the payments in part because workers would be required to pay back some of the money if any increases aren’t big enough to cover the payments. . The unions instead want the National Carriers Conference Committee, which represents more than 30 railroads, to negotiate a contract.

“This latest proposal, somewhere between a loan and a payday advance, is just further evidence that the NCCC has no intention of reaching a voluntary settlement anytime soon,” the unions said in a statement. communicated. “You don’t offer temporary proposals if you plan to offer full contract settlement.”

The group which represents the railways said it would keep its offer on the table as it would quickly put cash in the pockets of workers at a time of soaring inflation while other issues are being ironed out at the negotiating table. The railways said the pandemic has made progress in negotiations difficult as few face-to-face meetings have taken place.

“Railroad employees work hard and deserve pay increases that keep them among the highest paid employees in the country,” the railroads said in a statement. “The railways want to reach new national agreements with the labor organizations providing these increases, but the issues at the national bargaining table are complex and there is still work to be done before comprehensive agreements can be finalized.

The railroads all announced their proposed payout on Friday days after CSX announced it had offered those payouts to its unions. CSX and Union Pacific executives said when announcing their earnings last week that a package deal with the unions was likely still a long way off.

Union Pacific and CSX both reported a 22% increase in revenue as railroads were able to raise fares and collect more fuel surcharges even as they struggled to clear congestion on their rail networks, which delayed deliveries to customers.

Contract talks remain mired in mediation as the railways pursue unpopular proposals to cut rail crews from two to one in certain circumstances. Unions are also unwilling to make major concessions in labor rules after seeing nearly a third of all rail jobs cut in the past six years as major freight railways overhauled their operations.

Unions have also complained that BNSF and Union Pacific have imposed tough new attendance rules over the past two years without negotiating them, making it difficult for workers to take days off.

Related posts:

  1. Payday advance start-up Klover raises $ 60 million
  2. Payday advance – Borrowing money by FINANSOVA KOMPANIYA TESSELLA ASSET FINANS, TOV
  3. Payday Advance Applications | Savings and budgeting
  4. Online Payday Advance With Personal Money Network – Daily Film

Categories

  • Cash advance
  • Direct Lenders
  • Installment loans
  • Online loans
  • Payday advance

Recent Posts

  • Compass offers salary advance and grants for UK staff in dire straits
  • As recession rages, Tesco offers pay advance to UK staff
  • Police arrest scammer entangling hundreds of IPB students in online loans
  • Is a payday advance from a bank better than a personal loan?
  • Cash advance apps that don’t use Plaid

Archives

  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • March 2019
  • February 2019
  • December 2018
  • October 2018
  • July 2018
  • March 2018
  • February 2018
  • May 2017
  • March 2017
  • February 2017
  • August 2016
  • July 2016
  • May 2016
  • August 2015
  • February 2015
  • May 2013
  • Privacy Policy
  • Terms and Conditions