So the numbers were better then expected and they pulled the company estimates for the year yesterday and everything was supposedly ok. Now today they are supposedly asking the unions to talk the workers into taking unpaid leave to help the company out, and gathering up property to auction off. Seems to me that the PSR/Unified 2020 plan is failing and all the coverups they did are not enough to cover their bets (not really surprised by this at all). So is it finally time to give Lance and Jimbo the boot and turn this company back into a profitable company that took care of its customers and employees yes it is. But I’m gonna bet they double down and cripple this company even more just for the pennies the can find. Grab your popcorn the show is beginning and I hope the union finds it backbone and tells the company no to voluntary unpaid leave and that they put themselves in the mess.
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It is as said...PSR can work but not at the expense of the existing infrastructure. To run longer trains cannot be done at the expense of our operating ratio. It cannot be sustained at the expense of the ground forces that maintain the integrity of the railroad. You cannot sock all your money into millionaire and billionaire pockets and sacrifice company work force to do so. Without the company those stocks mean nothing.
I remember when the SP was “building on strength” too and couldn’t make payroll. Their checks just bounced like UP’s will soon enough.
PSR is not failing. It has worked. They just can’t deliver to the extent that was promised. They made significant gains early on and now cannot continue at the same pace. I was an agreement employee even and I will say it had worked. Asking to take days off now is just a ploy of some sort. Probably to keep the nonagreement from crying too loud that they are the only ones who are taking a pay cut.