Norfolk Southern announces additional paid sick leave agreements with mechanical and communications railroaders

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced new paid sick leave benefits for approximately 650 railroaders, as part of agreements with the International Association of Sheet Metal, Air, Rail, Transportation Workers and the International Brotherhood of Electrical Workers. The new policies provide four additional paid sick days and flexibility for three existing paid time off days. This follows previous agreements expanding sick leave to 3,200 workers across other unions. Norfolk Southern aims to enhance quality of life for its employees while maintaining operational efficiency.

Positive

• Introduced up to seven paid sick days per year for railroaders.
• Enhanced employee benefits following national wage increase agreements.
• Flexibility for existing paid time off to be used as sick leave.

Negative

• None.

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650 union railroaders to benefit from new sick leave benefit

ATLANTA, March 10, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Friday that it has reached agreements with two of its labor unions to provide up to seven paid sick days per year to their members. These agreements will provide four new days of paid sick leave while also offering flexibility to use up to three additional days of existing paid time off as sick leave. The agreements were reached with the International Association of Sheet Metal, Air, Rail, Transportation Workers, Mechanical Department (SMART-MD) and the International Brotherhood of Electrical Workers (IBEW). These agreements will immediately benefit approximately 650 railroaders.

"When we completed national negotiations that provided historic wage increases and platinum benefits, we committed to immediately begin work at the local level to address the desire for paid sick leave and other quality of life benefits," said Norfolk Southern President and CEO Alan Shaw. "We did just that, and with today's announcement, six of our twelve unions now have locally negotiated paid sick leave benefits." 

Last month, Norfolk Southern announced agreements with the National Conference of Firemen and Oilers to extend paid sick days to 200 Mechanical railroaders, along with the Brotherhood of Maintenance of Way Employees to extend paid sick days to 3,000 Engineering craft railroaders. These announcements follow last year's agreement reached during national bargaining to provide historic wage increases and premium health care benefits to union railroaders.

Norfolk Southern is actively engaging with all of its union leaders on ways to enhance quality of life and work predictability for its craft employees. In the coming months, the company anticipates making additional progress with its unions on shared priorities.

About Norfolk Southern

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

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SOURCE Norfolk Southern Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent agreement by Norfolk Southern Corporation (NSC) about sick leave?

Norfolk Southern has introduced agreements providing up to seven paid sick days per year for approximately 650 railroaders.

How many railroaders are affected by the new sick leave policy at NSC?

Approximately 650 railroaders will benefit from the new sick leave policy.

When was the new sick leave benefit announced by Norfolk Southern?

The sick leave benefit was announced on March 10, 2023.

Which unions reached agreements for paid sick leave with NSC?

The agreements were made with the International Association of Sheet Metal, Air, Rail, Transportation Workers and the International Brotherhood of Electrical Workers.

What are the new sick leave benefits provided by Norfolk Southern Corporation?

The new benefits include four new paid sick days, plus three additional days from existing paid time off.