Norfolk Southern Reaches Tentative Collective Bargaining Agreements With All General Committees Representing Smart-TD; Early Agreements Now Cover Nearly 65% Of Company's Union Workforce; Agreement Provides 3.5% Wage Increase Per Year

Author: Benzinga Newsdesk | September 04, 2024 09:53am
Early agreements now cover nearly 65% of company's union workforce ATLANTA, Sept. 4, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE:NSC) has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD). SMART-TD is the company's largest labor union, representing train conductors across the company's 22-state network. The latest agreement ensures coverage for all Norfolk Southern conductors and brings the total union workforce covered by early tentative agreements to nearly 65%. The agreement, which is subject to ratification, comes four months before the opening of the next collective bargaining round and provides a 3.5-percent average wage increase per year over the next five years. Under the tentative agreements, covered railroaders will also receive more vacation earlier in their career and have enhancements made to an already robust suite of health care benefits.

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