All the major railroads now plan to offer their employees up to $600 a month in advance of raises they expect to pay once the current two-year-old national contract talks are eventually settled.
But a coalition of unions that represents more than 105,000 railroad workers said Monday they’ll refuse the payments partly because workers would be on the hook to repay some of the money if the eventual raises aren’t big enough to cover the payments. The unions want the National Carriers’ Conference Committee that represents more than 30 railroads to negotiate a contract instead.
The railroads all announced their payment proposal Friday a few days after CSX announced it had offered these payments to its unions. Executives at CSX and Union Pacific said when they announced their earnings last week that an overall contract with the unions is likely still some time away.
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