Re: Activists Gunning for Control of Norfolk Southern and Ouster of CEO
Author: retired
Date: 02-07-2024 - 08:00
Peter Short Wrote:
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> The CEO of NS has turned his back on PSR and not
> laid off all kinds of train personel, instead
> cross training them for engine service. Trains
> magazine ran a piece on this a couple of issues
> ago and they wondered if activist investors would
> tolerate keeping people around and
> preparing for the eventual upturn in traffic --
> looks like they are not tolerating making
> future profits and want their money now. UP is
> still cutting everywhere except on Superbowl
> Specials.
Any specific information on UP cutting jobs? Are T&E employees being laid off?