Major freight railroads are facing pressure to add sick days for their workers from a new front: An influential investment group says some of its members are...
OMAHA, Neb. — Major freight railroads are facing pressure to add sick days for their workers from a new front: An influential investment group says some of its members are now pushing the measure that Congress declined to as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike.
The lack of paid sick time in the industry became a major sticking point this fall in contract talks between the railroads and their 12 unions. Four of those unions rejected five-year deals that included 24% raises and $5,000 in bonuses because of their concerns about sick leave, demanding schedules and other quality-of-life concerns.
Marvin Owens with nonprofit investment manager Impact Shares filed the shareholder proposal at Norfolk Southern. Impact Shares works with groups like the YWCA and NAACP to establish criteria for funds. Owens said companies should consider sick time as an investment in its workforce, not an expense. The railroads also say employees can take personal leave days or vacation days for illnesses, although workers say those have to be approved far ahead of time so they aren’t very useful for illnesses. Workers are also allowed to take unpaid time off for illnesses but they may be penalized under a railroad’s attendance policy if they miss too many days.
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