Thread regarding Norfolk Southern Corp. layoffs

10 Billion Dollar Stock Buyback

No union contract, no stanard of living wage during record inflation. Out here helping the little people who need it most!

https://finance.yahoo.com/news/norfolk-southern-announces-10-billion-201500870.html?.tsrc=rss&guccounter=1

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| 2340 views | | 10 replies (last )
Post ID: @OP+1g0x7x48

10 replies (most recent on top)

Yes the "corrupt businessman" Hunter Harrison who was responsible for PSR

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Post ID: @9xtm+1g0x7x48

Yeah. Canadian railway hedge fund investors saw the “business” man coming years ago so they started the corporate “greet” thing so everyone would blame the “business man “ when he got elected instead of investors. Brilliant! Wish I would have thought of that.

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Post ID: @5whu+1g0x7x48

This is what happens when you elect a corrupt "businessman" oligarch back in 2016. Corporate greet went off on steroids!

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Post ID: @3bfo+1g0x7x48

Hilarious, y'all think DEMs care about us railroad grunts????

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Post ID: @3bdo+1g0x7x48

The PEB, Contract:
This is an accurate description of the bargaining process.
The parties will not reach an agreement, single man crew will never be agreed to and the Carrier wage and health benefits will never be accepted by the Unions.
I would be surprised if the PEB recommends benefits high enough for the membership to accept an agreement even if they stop 1 man crews.
Unions turn down PEB agreement, STRIKE and Congress forces the agreement on the parties.

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Post ID: @2wvc+1g0x7x48

The PEB can’t force either party to accept a contract, but they can make it very uncomfortable to not accept it. Congress can force either party to accept a contract. Typically Congress will rubber stamp whatever contract the PEB is urging the parties to accept. They do this regardless of political ideology since most senators and congressmen do not have time to learn the details.

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Post ID: @1vgl+1g0x7x48

Does anyone really believe they'll sign a contract? I am having my doubts. This could on for years. In fact I would not be surprised if they started using sub contractors.

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Post ID: @hiu+1g0x7x48

I hope this is taken into the thoughts the the PEB members..........which you know is eventually coming.

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Post ID: @wkk+1g0x7x48

Now, how much more do the people still there need to realize they don’t give two sh--s about employees? As long as the share holders are rich, the plebs don’t matter. This mind set will not change. It’s here to stay. Leave, go somewhere that treats you like a human. Keep showing up every day and they will keep Will Smithing you….

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Post ID: @xit+1g0x7x48

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