As a September Strike Deadline Approaches, US Railroads Reach Tentative Agreements With 3 of 12 Labor Unions
3 of 12 rail unions announce tentative deal with 24% raises
With the potential of a nationwide railroad strike in September drawing ever closer, the National Carrier’s Conference Committee on Monday afternoon (8-29-22), reported that tentative deals have been reached with the Transportation Communications Union/IAM, Brotherhood of Railway Carmen, and International Association of Machinists and Aerospace Workers.
The tentative agreements followed settlement recommendations issued by the Presidential Emergency Board on August 16th. Those recommendations included a 24% compounded wage increase during the five-year period from 2020 through 2024 and a 14.1% wage increase effective immediately. The agreement also calls for five annual $1,000 lump sum payments.
There are still nine unions in the rails industry without a tentative agreement in place, including the two biggest rail unions that represent engineers and conductors.
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