I’ll just cut to the chase, due to the stock price not doing what they wanted, myself and many of my co workers at HQ have been given info that Vena has decided to do a 25% layoff that will include ALL departments. From HQ to Transportation. Also, many locations will be shutdown permanently. Word we got was any small location with less than 100 employees will be shutdown. I’m not surprised at all….we all knew Vena was going to do this. He hates us.
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It’s confirmed! Management cuts this time around.
The only person able to stop this madness and hold omaha accountable is retired. If you bring KWP back we might have a chance.
@1kwx-Jimbo also doesn’t want to pay the holiday pay for Thanksgiving, Christmas, and New Years.
Good can’t wait.. Guess 7,000 of us will just have to go back to the street corner.
This old trick again? UP doesnt have enough people in engineering or mechanical depts now. So here comes “massive” layoff rumors and when only a few get furloughed or when no lay offs occur everyone who is stretched too thin is supposed to breath a sigh of relief. All the while distracted from the real problem of there not being enough employees to safely do the needed work properly in a reasonable amount of time.
Nobody knows how many because they would never reveal anything to anyone of insignificance, which is the majority of us. But for agreement employees, just using common sense, that $1000 bonus is paid out on Dec 1st…Jimmy absolutely DOES NOT wanna pay that out….so i could guarantee you the next round for agreement employees is before Dec 1st
For layoffs in HQ, or across the board really, have you heard about severance package details or is that not offered?
I've seen this before, you've been trying to sell this story for months. Nobody bites because your numbers and scope are overblown and it is obvious immediately that you're full of sh-t. Just stop embarrassing yourself.
At this point, who cares? If you get cut, go enjoy something else without the angst of worrying about little man Jim and his huge ego. If you are one of the people they decide to keep, you will just be expected to do more without being compensated accordingly. Is this how anyone wanted things to go? Not at all. However, there is nothing any of us can do to change what is going to happen. Vena is making a $#!t sandwich, let him and the board of directors eat it.
I'm not saying your wrong, but why now? The stock price started going down before Vena left the first time. The not-so-interesting part is that most people already knew the stock price wasn't going up when Vena arrived. The investors were expecting Vena to bring the stock price up, which hasn't happened considering the cuts already made. Mass layoffs and facility closures WILL NOT bring the stock price up at all! The bad decisions made by Vena, the continued employment issues, and the ever increasing service issues is what's bringing the stock price down now. The layoffs and closures will set the UP back up for even more problems. The facility closures will mean that the UP can no longer provide service for that area without the manpower available. Are you familiar with the reciprocal switching rule that was passed? You might want to look into that. Short version, if the UP provides bad service, then the customer can take their business to someone else who has better service. What do you think that'll do for the stock price?? Any mass layoffs and facility closures WILL warrant the removal of Vena from the CEO spot, PERMANENTLY! I do respectfully disagree with you on your post. No one in the executive ranks EVER shared future layoff plans or closures before they actually happened. It's interesting that you claim to have been given "word" about this. Just because you work at HQ, doesn't mean you were given correct info. Some of the management has told a certain number of employees bogus information in the past to see who would speak first. Those employees were then let go for not being 100% loyal to the executives. The UP likes to play dirty tricks that way sometimes. The executives have been known to lie from time to time as well. You need to understand that the layoffs and closures is the very reason the UP was involved in the government hearings in the past. PSR WAS A ONE-TIME DEAL! Once the federal government and the customers start having issues again, do you think the stock price will still go up? 25% reduction is a big number, and very very unlikely to go unnoticed as long as we're cutting to the chase as you put it. Try sharing actual facts instead of "words" you overheard because you work at HQ. Also remember that Vena is only the CEO. He's not the chairman of the board or the president of the company like Fritz was. If Vena screws up, then he'll take two others down with him. I find it very hard that the others would happily follow him down.