I apologize if this is common knowledge, but I haven’t read anything on this subject. How much money are they planning to save with these cuts, and that degree has they reached in achieving that goal? Any opinions?
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The other railroads are saving quite a bit on training. Many of the UP employees laid off have gone to work for competing railroads recovering from Hunter Harrison’s PSR Bull $h:t.
I remember when they "UP" merged with us "SP" and the goal was 85% operating ratio. It was at 93% at the time. When does it stop? The goal will always be lower no matter what it gets down to. Up to now they have mainly reduced by a reduction in management but now anybody that does not directly move the freight is in jeopardy. With 22 years of TE&Y I don't even feel secure anymore.
They are not going to save anymore than before. The upper management and the board of directors will line the pockets on the back of the everyday worker. No morels
Billions. They're smarter than you think.
500 million with all 2019 efforts.
Executives in January said U.P. would aim for $500 million in productivity gains. “Labor productivity” will be a part of that, executives said at the time.
The cuts are how they will reach the OR. It has nothing to do with precision railroading. It’s just labor reduction so who knows
I assume they plan to cut until a 55% operating ratio is achieved.