Did UP leadership consider salary cuts before deciding to cut jobs? It’s possible to achieve similar results without piling the work onto the employees who are left.
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I actually don't think the poster is too far off. While they obviously would never do this, the executives and director level are severely over paid. Even Eric Butler said this when he moved over to HR. He apparently brought this to Lance or the boards attention and they lost their sh-- and came up with a million reasons why he was wrong. This came directly from his mouth
Similar results? How does that work they know they want down to 55 operations ratio and below. You going to accept salary cuts, not once but, every quarter forward through 2024-25? You expect everyone else is too, when already they know they are slightly below national average for the work they do? That is what it would take to keep every position. And still warehousing locomotives by the thousands, their is not work for everybody so why not cut positions when the work is not there?
People need to understand this is not about low profits or unexpected market share loss. Traditional causes for layoffs that likely can not be helped. UP profits have been at record highs and we intentionally moving toward cutting our overall market share, warehousing equipment, selling off assets and cashing out human capital.
No, they have not thought about cutting salary in any meaningful way to save positions. The results could not at all be similar. They want fewer heads (1,600 left of the 8,000 starting point employees in Nebraska) fewer locomotives and fewer historically traditional customers. That can NOT happen with a one time slight decrease in salary like you fantasizing you could do if that what it takes. It is going to go far beyond what you imagine now friend.
The information is all there to read but, you really are not understanding what going on or being said from this company.
If it wasn't for some form of guarantee everyone would be gone, obviously you are some sort of executive.
Sounds like guaranteed union pay is part of the problem too.
Your language is unclear. What I think you are recommending is retaining employees but cutting their pay? We have Union Contracts , that idea is ludicrous. Perhaps you think Execs could cut their own salary to save you? That is even sillier.
Are you kidding, I'm sure they gave themselves a raise, look what there paying that id--t for two years to destroy this company. We are all disposeable to them, and obviously we are on the same level as trash.
What world are you living in? The execs probably gave themselves raises first.