Advertisement

Union Pacific to layoff 750 U.S. employees amid broader cost-cutting

Union Pacific to layoff 750 U.S. employees amid broader cost-cutting
From Reuters - August 16, 2017

(Reuters) - Union Pacific Corp (UNP.N) said on Wednesday it will cut roughly 500 management jobs and 250 railroad workers by mid-September as the No. 1 U.S. railroad continues broader cost-cutting.

The layoffs, which represent about 8 percent of its management force, will largely hit employees in Omaha, Nebraska, where the company is based, but will also affect locations across its network, the company said.

The company has roughly 42,000 employees across 23 U.S. states.

Advertisement

Continue reading at Reuters »