Union Pacific and Norfolk Southern Announce Merger to Create First Transcontinental Railroad
Reuters
Dec 17
Union Pacific and Norfolk Southern Announce Merger to Create First Transcontinental Railroad
Union Pacific and Norfolk Southern are moving forward with plans to create America's first transcontinental railroad. As part of the combination, a pledge has been made that every employee with a union job at the time of the merger will continue to have one. This commitment has been formalized through jobs-for-life agreements with several major rail labor organizations. Employees of the combined company will also have access to enhanced benefits, including free college tuition, counseling services, an employee stock purchase plan, and industry-leading compensation and retirement plans.
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