tiprankstipranks
Ancora’s proposed directors for Norfolk Southern win support from BLET Teamsters
The Fly

Ancora’s proposed directors for Norfolk Southern win support from BLET Teamsters

Ancora Holdings Group, which owns a large equity stake in Norfolk Southern Corporation, announced that its seven candidates for election to the company’s 13-member Board of Directors have received support from the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters. The BLET Teamsters represent locomotive engineers, conductors, brakemen, firemen, switchmen, hostlers and other train service employees at Norfolk Southern. The BLET Teamsters is the second major labor union in as many days to support the Shareholder Slate and its management team, following the announcement of support from the BMWED Teamsters on April 25th. Regarding the BLET Teamsters’ decision, proposed CEO Jim Barber stated: “It’s a privilege to receive support from the BLET Teamsters, who believe in our plan to improve performance, safety and employee relations at Norfolk Southern. Jamie Boychuk and I had an extremely productive conversation with the Brotherhood about the issues the railroad faces today under current management. We look forward to the opportunity to collaborate with the BLET Teamsters to build a more efficient, safer and sustainable railroad.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles