FAST FIVE: Two Largest Railroad Unions Split Over Labor Deal As Christmas Strike Looms
SMART-TD said it would head back to the negotiating table with the railroads for a revised deal with a Dec.
Congress could intervene before the December deadlines by crafting legislation that would require the unions to accept the agreements, with the possibility of binding arbitration or other ways to address contentious issues,” FreightWaves said. * * * Two of the largest railroad unions representing conductors and engineers will announce Monday the results of votes on a tentative contract deal with freight workers — and a no vote could force the White House to intervene to avert a labor action that would reverse recent gains made in easing supply chains. The Brotherhood of Locomotive Engineers and Trainmen (BLET) and the transportation division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) represent 62,000 engineers and conductors or about half of all unionized rail workers are set to announce vote today, according to Reuters. Seven of the 12 unions have voted to ratify the labor agreement with railroads, but three have voted it down, leaving BLET and SMART-TD the last to vote on the contract. Source: Politico A no vote from either BLET or SMART-TD would increase the threat of a strike, pivoting the balance of power in the unions' favor.
But even if both unions agree on the deal, potential turmoil is not over because the three unions have rejected a tentative contract agreement brokered by Labor Secretary Marty Walsh in September.
5 after the first cooling-off period ends for the unions, then all the progress in the supply chain easing since summer could evaporate overnight. The New York Fed supply chain pressure index has reverted nearly to “normal” levels following the pandemic spike.
Right before Christmas, shutting down our supply chain,” Rep.