Norfolk Southern reaches agreements with 4 labor unions By Reuters

(Reuters) -Norfolk Southern, in partnership with BNSF Railway, mentioned on Friday it has reached tentative, five-year collective bargaining agreements with 4 labor unions.

The agreements present a 3.5% common wage improve per 12 months over the following 5 years, extra trip and a few enhancements to healthcare advantages.

Topic to ratification, the agreements cowl about 30% of Norfolk Southern (NYSE:)’s union workforce and are available 4 months earlier than the opening of the following collective bargaining spherical, the corporate mentioned.

© Reuters. FILE PHOTO: Coal trains approach Norfolk Southern's Williamson rail yard in Williamson, West Virginia at the border of Pike County, Kentucky May 13, 2015. For use with Insight COAL-USA/KENTUCKY REUTERS/Valerie Volcovici/File Photo

The unions that the corporate reached agreements with are the Brotherhood of Railway Carmen Division/TCU, the Worldwide Affiliation of Sheet Steel, Air, Rail and Transportation Employees – Mechanical Division (SMART-MD) and the Transportation Communications Union/IAM.

Norfolk Southern additionally has reached tentative agreements with a number of common committees of the transportation division of SMART.