Union Pacific (NYSE: UNP) confirmed that it has laid off employees across its network, although it didn’t provide details about how many were laid off and where.
The railroad attributed the “workforce reduction” to its broader efforts to implement precision scheduled railroading, an operational model that seeks to streamline operations. Union Pacific (UP) said the reduction affected both management and unionized employees across its 23-state system.
“These are difficult decisions; however, we...