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Tuesday, February 7, 2023

Reuters reveals Biden’s emergency board calls for railroad wage hikes to resolve contract talks – Reuters News Agency

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Reuters exclusively reported that U.S. President Joe Biden’s emergency board, tasked with helping major freight railroads and unions end a contract negotiation stalemate, proposed annual wage increases of between 4% and 7% through 2024. A lockout or strike could send prices for necessities higher and upend battered U.S. supply chains ahead of mid-term elections that will determine whether Biden’s Democratic party holds narrow control of the House of Representatives and Senate.

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Business & FinanceGovernment & Public Services

Regions: North America

Countries: US

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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