Union Pacific to Cut Some Management Jobs, Associated Press Reports
November 01 2023 - 3:54PM
Dow Jones News
--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.
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