The International Brotherhood of Boilermakers (IBB) announced Monday that its members voted not to approve a temporary contract with the major freight railroads, making the IBB the third labor group to reject the contract signed by the Biden administration and increasing the possibility of a nationwide strike.
The IBB said in a statement that it has now entered a “cooling off period” and plans to continue negotiations with the National Carriers’ Conference Committee (NCCC), which represents the nation’s largest railroads, including BNSF, CSX, Norfolk Southern and Union Pacific.
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The IBB joins the Brotherhood of Railroad Signalmen (BRS) and the Brotherhood of Maintenance of Way Employees Division of the International Brotherhood of Teamsters (BMWED) in rejecting the proposed contracts that would give railroad workers a 24% wage increase over five years from 2020 to 2024.
|Ticker||Security||Finally||Change it||Change %|
|UNP||The opinion of the company UNION PACIFIC CORP.||216.95||-0.55||-0.25%|
|CSX||Opinions of the company CSX CORP.||31.80||-0.14||-0.44%|
|NSC||NORFOLK SOUTHERN CORP.||251.68||+ 0.77||+ 0.31%|
Train workers against the agreement negotiated by President Biden’s Presidential Emergency Board (PEB) are not happy that the agreement did not do much to deal with the problems of life, especially the lack of sick time and work on orthopedic units.
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Many union members told FOX Business They are disappointed that their union representatives signed the PEB proposal in September, saying that the union did not do enough to improve the working conditions.
All twelve organizations participating in the negotiations must agree to accept their new contracts, or a strike may occur, destroying the supply chain and the entire economy, which costs about $ 2 billion a day. Congress is expected to get involved if the shutdown is triggered, but several unions have agreed to resume negotiations in early December.
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So far, seven organizations have voted to approve their contracts, and three have voted against that. The remaining two voting bodies are expected to be announced next week.