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U.S. railroads, unions reach tentative pact on eve of deadline - BNN Bloomberg

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US railroads and unions representing more than 100,000 workers reached a tentative deal, the government said, a breakthrough that looks to avert a labor disruption that risked adding supply-chain strains to the world’s largest economy.

After 20 straight hours of talks, the companies and union negotiators reached a tentative agreement balancing the needs of workers, businesses and the economy, according to a Labor Department statement early Thursday.

The deal extends the so-called cooling off period, during which the two sides have been negotiating, until union members can ratify it, an administration official said. “These rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned,” Biden said in a statement.

 

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