Union Pacific secures jobs-for-life pact with SMART-MD union for Norfolk Southern merger
Bitget2026/09/22 14:40- Union Pacific secured a jobs-for-life agreement with SMART-MD, covering represented mechanical workers tied to the proposed Norfolk Southern merger.
- Deal terms provide that any union employee on the payroll at merger approval keeps a union job for life.
- Labor backing now includes a majority of unions representing employees at Union Pacific and Norfolk Southern.
- Agreement reduces labor-related execution risk as the Surface Transportation Board continues reviewing the merger application.
- Companies still target closing in the second half of 2027, pending regulatory clearance.
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