Sept 19 (Reuters) - Berkshire Hathaway ( BRK/A )-owned
BNSF Railway said on Thursday it has reached a tentative
agreement, for a five-year deal, with the International
Association of Sheet Metal, Air, Rail and Transportation Workers
(SMART) union.
The agreement, which still needs to be ratified by the union
members, provides a 3.5% average wage increase per year over the
next five years, including improvements in healthcare benefits
and provisions that offer railroaders more vacation days earlier
in their career.
The contract covers members of the union's transportation
division (SMART-TD), including Yardmasters.
"The news marks eight tentative agreements in less than one
month's time, representing more than 15,000 employees and more
than 46 percent of BNSF's union workforce," the railroad said.
In August, BNSF reached tentative agreements with four labor
unions in partnership with its peer Norfolk Southern ( NSC ) .