Investors have proposed shareholder resolutions at two U.S. railroads calling for paid sick leave for workers, an issue that nearly caused a national rail strike, and they could go to an advisory vote at shareholder meetings in the spring.
to offer "a reasonable amount" of paid sick time, determined by company directors. If accepted each resolution would appear as a ballot item at the railroads' springtime shareholder meetings.
Kate Monahan, a director at Trillium Asset Management, the socially minded investor that filed the resolution at Union Pacific, said more flexible sick time would have broader benefits like reducing workforce turnover.A Union Pacific representative did not comment on the resolution, but referred to a trade group statement that industry employees already receive substantial time and leave for longer-term illnesses.
their workforces dramatically. Had sick time been included in recent federal legislation it would cut U.S. rail earnings 1.5% to 2%, Susquehanna analyst Bascome Majors wrote in a Nov. 30 investor note. Reporting by Ross Kerber in Boston, Additional reporting by Lisa Baertlein in Los Angeles; Editing by Cynthia Osterman
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Investors Buying Up Cardano (ADA) En Masse, What Is Their Plan?Cardano (ADA) gets into top purchased cryptos among these specific whales cardanoada cardanocommunity cardano cardanonft $ada
Read more »
In a rocky year for investors, here’s a year-end primer on taxes and givingAs the year-end approaches, remember: Markets will always be unpredictable, and the volatility experienced in 2022 will be no exception.
Read more »
Why DFW real estate investors shouldn't sleep on 1031s, Inflation Reduction Act - Dallas Business Journal“The market has been pretty hot – and you’re starting to see a cool down now because rates have gone up – but most of these owners are probably sitting on a significant gain when they sell, unless of course, they enter into a 1031.”
Read more »
USD/JPY sees a downside to near 134.00 as investors await US Services PMIThe USD/JPY pair has attempted a break above the immediate hurdle of 134.50 in the Tokyo session. The asset is expected to remain on the tenterhooks a
Read more »
European markets head for flat open as investors gauge China's Covid relaxation, oil movesEuropean markets are heading for a tepid open on Monday, bucking a positive trend in Asia-Pacific markets overnight.
Read more »
China's patchy COVID easing sows confusion but comforts investorsA partial easing of the world's toughest COVID-19 curbs sowed confusion across China on Monday, even as global investors cheered the prospects of a broader policy shift in the wake of last month's historic protests and mounting economic damage.
Read more »