A possible railroad worker strike starting Friday has been avoided after reports of a tentative agreement reached Thursday morning.
“Well, fortunately, this morning, there was an announcement that the two parties came to a tentative agreement for the this new five-year contract for railroad workers,” said Mike Steenhoek, executive director of the Soy Transportation Coalition in a conversation with Ohio Ag Net and Ohio’s Country Journal. “And what that does, importantly, is that it prevents this potential strike, that could have meant at 12:01 Eastern Time on Friday. And so that’s a real sigh of relief to have that that resolution.”
Steenhoek reports the tentative agreement will provide rail employees a 24 percent wage increase during the five-year period of the contract (2020-2024) – consistent with the recommendations of the Presidential Emergency Board. Steenhoek said an immediate average payout of $11,000 will be provided upon ratification.
Negotiations truly came down to the wire.… Continue reading