Do you remember the time?
AUGUST 16, 20175:33 PMUPDATED 5 YEARS AGO
Union Pacific to layoff 750 U.S. employees amid broader cost-cutting
By Reuters Staff
“Union Pacific for some time has leveraged employee attrition and technology to reduce general and administrative costs,” Chief Executive Officer Lance Fritz said in a statement. “Unfortunately, attrition alone will not keep pace with our need and ability to reduce these costs.”
News of the cuts comes about a month after Union Pacific said it expects to cut costs by between $350 million to $400 million this year.