OMAHA- Union Pacific is laying off 500 managers and 250 other railroad workers to reduce costs.
The cuts will eliminate about 8 percent of Union Pacific’s managers. The railroad told the affected workers today that their jobs will be eliminated by mid-September. Union Pacific CEO Lance Fritz says that eliminating open positions through attrition and improving productivity isn’t enough to cut costs.
Most of the layoffs will be at the railroad’s headquarters in Omaha but they will affect Union Pacific’s 23-state network.