2023-07-10 10:27:26 ET
Union Pacific Corporation's ( NYSE: UNP ) United Pacific railroad has reached a tentative deal with the International Association of Sheet Metal, Air, Rail and Transportation Workers union regarding paid sick leave.
The railroad and the union said that the deal reached over the weekend provides up to eight paid sick leave days to around 5.9K railroad employees. Of note, the proposed agreement will provide the union members an additional five paid sick days annually, prorated for 2023, from their current benefits. Starting next year, they also will have the ability to convert up to three paid leave days for use as paid sick time.
If ratified by workers, Union Pacific ( UNP ), which is based in Omaha, Nebraska, will have paid sick leave agreements in place with all 13 of its labor unions, making it the second railroad in the industry to to do so. Other railroads like CSX Corporation ( CSX ), BNSF, Canadian National Railway Company ( CNI ) and Canadian Pacific Kansas City Limited ( CP ) are still in the negotiation phase with a number of unions.
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For further details see:
Union Pacific break out in front of peers in labor negotiations