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Union Pacific eyes 3,000 fewer workers in 2020

(Source: Seeking Alpha, January 23, 2020)

NEW YORK — Union Pacific plans to run its railroad with nearly 3,000 fewer workers this year, CEO Lance Fritz tells the Wall Street Journal, as it pushes ahead with a new operating plan that runs fewer, longer trains. The company plans to reduce its average number of workers by about 8 percent in 2020 after reducing staffing by 11 percent in 2019. It averaged nearly 42,000 workers during 2018, 37,500 during 2019, and only 34,500 during the fourth quarter of 2019.

Full story: Seeking Alpha

Friday, January 24, 2020

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