American Shipper reports that six labor groups representing over 85,000 railroad workers that comprise the Coordinated Bargaining Group (CBG) have reached a tentative agreement on a new five-year contract with U.S. freight rail carriers.
“This tentative agreement provides real wage increases over and above inflation, health care cost increases far below what the carriers were demanding, freezes our monthly health plan cost contribution at the current level, provides significant retroactive pay and imposes no changes to any of our work rules,” the CBG union presidents said in a joint statement.
The proposed contract, which is expected to be submitted to the memberships of each involved union in the coming weeks, includes an immediate wage increase of 4 percent, with an additional 2.5 percent increase six months later on July 1, 2018, as well as an additional 3 percent per year after that, starting on July 1, 2019, according to a press release issued by the Brotherhood of Locomotive Engineers and Trainmen (BLET).
The six unions comprising the CBG are the American Train Dispatchers Association; the Brotherhood of Locomotive Engineers and Trainmen, which is a division of the Rail Conference of the International Brotherhood of Teamsters; the Brotherhood of Railroad Signalmen; the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers, and Helpers; the National Conference of Firemen and Oilers/SEIU; and the transportation division of the International Association of Sheet Metal, Air, Rail and Transportation Workers.
The tentative agreement also adds several new benefits to the workers’ health and welfare plan, and requires that the rail carriers continue to pay on average, 90 percent of all union members’ point of service costs. As for work rules, there will be no changes.
For additional information, visit www.raillaborfacts.org.
SOURCE The American Shipper