Union Pacific to Cut Some Management Jobs, Associated Press Reports
--Union Pacific will cut less than 5% of its roughly 5,600 railroad management employees, the Associated Press reports.
--The company said the final number of job cuts will be determined by how many managers take other jobs with Union Pacific, though the total will be fewer than 275 jobs.
--Union Pacific told AP that the layoffs were part of an effort to change the company's culture and empower employees to drive decision-making.
--The Omaha, Neb.-based rail operator employs about 33,000 people in total.
Full article at https://apnews.com/article/union-pacific-railroad-management-layoffs-d72058d3154289e26c732492748bd452
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 01, 2023 15:39 ET (19:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted
-
10 Top-Performing Dividend Stocks of the Month