First off let me say that for anyone who has lost their job today that my heart goes out to all of you and I wish you all the best.
Union Pacific is not the company that I started working for 15 years ago, back then I was proud of my job, proud that I worked for a company that has been around for 150 years. And everyone I worked with had the same good attitude. Back then, the company took care of its employees, and in return, the employees took care of the company.
The 2020 initiative will fail, and it will not fail lightly, it will fail hard. Now I'm not an analyst or an oracle but the writing is on the wall.
The first problem is the entire scope of G55 in itself, lets face it, that's an unobtainable goal for a railroad the size of UP. There simply is not enough meat on the bone when UP has the number of track miles in the system. We can try to take out the overhead, but then what are you left with, degraded infrastructure, broken locomotives, and p-ss-d off customers looking for another railroad to do business with, or maybe just go to trucks.
The second problem was removing all the service units, I think they will regret their decision once locomotives start to have road failures due to lack of servicing. Road failures that will bottleneck the system and slow things down.
The third problem is destroying your employee foundation, lets face it working for UP is not fun for anyone below the 19th floor. We are treated as assets and nothing more. Today I was sickened yet again by all the people who lost their jobs simply because we work there. It does not matter what you do, how well you do it, If you were a 5 star employee who busted their a-- for the man for 20 years or a 1 star dud who slept on the job. If you were on the block, you were chopped. As an employee who once worked so hard and bent over backwards to meet UPs demands, do you think I'm going to continue? Should I continue?
Its disgusting to see this happening over and over again.
This does nothing but produce poor morale throughout the company, and for Fritz to announce a 30% total workforce reduction over the next several month is INSANE!
So tell me again how 2020 is suppose to work?
I hope once they oust Fritz for screwing thing up so bad in UP that the next CEO has more common sense and thinks beyond his wallet!