Progressive America | October 06, 2011 | 0 comments

Railroads Make Record Profits but don't seem inclined to share with workers who made money.

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As the clock ticks down to a midnight Thursday strike deadline, railroad workers aren’t holding their breaths despite a 97 percent strike vote by the Locomotive Engineers union (BLET).

If President Obama follows precedent, he will appoint a Presidential Emergency Board, halting any strike. The PEB would then have 30 days to recommend a contract settlement, followed by a 30-day “cooling off period.”
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