10:33 AM EDT, 08/30/2024 (MT Newswires) -- Norfolk Southern ( NSC ) said Friday it has reached contract agreements with five additional labor unions, with the railway company now completing deals with roughly 55% of its unionized workforce four months before the next collective bargaining round is slated to begin.
Two of the new five-year agreements were reached in partnership with BNSF Railway with the International Brotherhood of Boilermakers and Blacksmiths and the National Conference of Firemen and Oilers.
Norfolk Southern ( NSC ) also negotiated separate deals this week with the American Train Dispatchers Association, the Brotherhood of Maintenance of Way Employees Division, and the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division Yardmasters.
The contracts mirror provisions of Norfolk Southern's ( NSC ) other recent contract agreements by offering unionized workers a 3.5% average wage increase each year along with more vacation time sooner in their careers as well as several enhancements to their health care benefit packages, the company said.
In a statement Friday, the Brotherhood of Maintenance of Way confirmed terms of the tentative agreement with Norfolk Southern ( NSC ). The other unions did not immediately respond to messages from MT Newswires seeking comment on Friday.
Price: 255.98, Change: +3.96, Percent Change: +1.57