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Presidential Emergency Board issues rail contract to avert strike

The Presidential Emergency Board, the organization charged with helping to resolve contract differences between the U.S. Class I railroads and their unionized workforce, made its recommendations Tuesday in a report to the White House, the railroads, and organized labor.

The board recommended a 22 percent wage increase, along with $5,000 in service recognition bonus payments, over the five-year life of the contract retroactive to Jan. 1, 2020. The recommendation was less than the Union’s desired 28 percent increase but more than the railroads’ proposed 16 percent increase. The two entities were $9 billion apart in their wage proposals, the board said in its report.

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