The risk of a disruptive strike is growing after another union voted down a labor agreement between rail workers and railroads that would end months of negotiations over pay and working conditions. The deadline for the agreement's approval is just weeks away.
that would end months of negotiations over pay and working conditions. The deadline for the agreement's approval is just weeks away.
If all of the unions can't approve the deal before Dec. 9, Congress might end up intervening to either push back that deadline or force a deal on the railway workers. Then, in September, a tentative agreement was reached with the unions. The agreement was helped along by the involvement of Labor Secretary Marty Walsh. President Joe Biden has styled himself as a pro-labor president, so coming to an agreement and sidestepping a strike was a priority for the White House.workers with an immediate 14% pay bump and back pay for the past two years. The workers would also get $1,000 cash bonuses each year.
A railway strike would “dramatically impact economic output” and could cost more than $2 billion per day, according to a report by the Association of American Railroads from September. Failure to reach an agreement could idle more than 7,000 trains daily and trigger retail product shortages, among other troubles — all just days before Christmas.
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