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Unusual rail accord.

Unusual rail accord

The Atchison, Topeka, & Santa Fe Railway and the Brotherhood of Locomotive Engineers, who chose not to participate in the 1988 national round of negotiations that is still continuing, settled on terms that may influence the national bargaining. The parties negotiated a profit-sharing plan (reportedly, the first ever at a major railroad), a freeze on wages for the 5-year term of the contract, and an increase in the basic workday from 108 to 120 miles. In addition, the agreement provides for a 401(k) savings plan, a company-sponsored savings plan, 6 paid personal days each year to engineers who have spotless safety records, and a $10,000 lump-sum payment effective upon ratification. Under the 401(k) plan, the company will match 25 percent of each engineer's investment to the plan, up to I percent of the employee's income. The company also will contribute $15,000 per worker to the savings plan, which can be withdrawn when the employee leaves the carrier's service. Unlike most local agreements, the accord does not contain an "escape clause" assuring that the employees would receive any more favorable terms resulting from a national settlement.

There has been no indication of a settlement in the national negotiations, which began prior to the June 1988 date that contracts became subject to change under provisions of the Railway Labor Act. Most large railroads bargain with their unions on a national level through the National Railway Labor Conference, the bargaining arm of the industry.
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Title Annotation:Developments in Industrial Relations; Atchison, Topeka and Santa Fe Railway Co., Brotherhood of Locomotive Engineers, contract
Author:Cimini, Michael H.
Publication:Monthly Labor Review
Article Type:column
Date:Feb 1, 1990
Words:247
Previous Article:Timken, Steelworkers settle.
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