International Brotherhood of Boilermakers and Union Pacific Reach Agreement to Protect Union Jobs

Core Points - The International Brotherhood of Boilermakers (IBB) and Union Pacific Railroad have reached an agreement ensuring job security for union employees following the merger with Norfolk Southern to create a coast-to-coast railroad in the U.S. [1][2] - This agreement guarantees lifetime job security for employees at both Union Pacific and Norfolk Southern at the time of the merger, contingent on standard employment requirements [2][3]. - IBB is the fourth national union to secure such an agreement with Union Pacific, joining SMART-TD, NCFO, and the Brotherhood of Railway Carmen [3]. - Union Pacific's CEO, Jim Vena, expressed gratitude towards IBB and emphasized the commitment to protect jobs of all unionized employees, highlighting the merger's potential benefits for stakeholders and the economy [4]. Company Overview - Union Pacific (NYSE: UNP) operates in 23 western states, providing safe and efficient transportation services that connect customers to the global economy [4]. - The company has a long-standing history of dividend payments, having declared a quarterly dividend of $1.38 per share, payable on December 30, 2025, marking 126 consecutive years of dividends [7].