Union Pacific: Yes, It Can Get Worse

The trend at CN, CP, then CSX has spread to Union Pacific.  Pursuit of an earnings ratio/profit margin mirage shrinks railroad service and roads across the entire country.  The resulting job cuts leads to rejoicing in the stock market.  Economic criminals reap the rewards. 

We've already learned of this free market perversion at CSX.  Let's find out the sadistic story at Union Pacific. 

First there were the usual 750 layoffs in 2017.

Then there was the change in philosophy in favor of E. Hunter Harrison's Precision Scheduled Railroading (PCS) 

Then there were the 675 layoffs and firings of contract workers in 2018.

Now, the corporation is laying off 475 workers and again, another 200 contract workers in 2019.

Now, just like at CSX, an E. Hunter Harrison clone becomes Chief Operating Officer.

Check out Unified Plan 2020.  This will result in a 30 percent reduction in employment by 2020 at Union Pacific. The firings of workers and management are already rippling across the country.  

In the near future we'll be seeing more of this self destruction, at other railroads.  This trend appears to be picking up speed as the financial sector cannibalizes the real economy that Americans work in.