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NORFOLK, Va., Jan. 30, 2015 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) and the Brotherhood of Locomotive Engineers and Trainmen today reached a new collective bargaining agreement that continues to link engineer compensation to corporate performance through 2019.
The agreement, which covers approximately 4,600 locomotive engineers, provides engineers with an annual bonus opportunity based on corporate performance and for the first time includes individual incentive opportunities based on personal performance. The agreement also includes changes to improve engineer work scheduling, which will help ensure that NS has a more stable and available workforce while providing employees with more predictable schedules.
"The new agreement builds on our long history of collaborative problem-solving with the BLET, and it will have a positive impact on employees, our customers and the long-term success of the company," said Norfolk Southern Labor Relations Vice President Scott Weaver. "We thank the BLET for its continued partnership throughout this process."
About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal, automotive, and industrial products.
http://www.norfolksouthern.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/norfolk-southern-and-brotherhood-of-locomotive-engineers-and-trainmen-reach-new-five-year-collective-bargaining-agreement-300028733.html
SOURCE Norfolk Southern Corporation