UPRR cuts jobs in North Platte

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NORTH PLATTE, Neb. (KNOP) - Union Pacific Rail Road is laying off workers in North Platte. In an email to NBC Nebraska News 2, railroad spokesman says they are reducing the number of employees in Bailey Yards because of current business needs and their plan to streamline operations called Unified Plan 2020.

Hannah Bolte, with UPRR Media Relations, is not providing location-specific details as it pertains to the number of employees impacted.
She does say people were notified Tuesday. Bolte says the employees were placed on what is called an Auxiliary Work and Training status.

AWTS agreements provide up to eight work or training days per month, and continue full health care benefits and service months contributing to Railroad Retirement. Bolte says employees continue training to sharpen their skills and prepare for full-time employment when customer demands increase. Local unions must approve the AWTS agreements.

The lays offs come at the same time as Union Pacific Railroad shows strong fourth-quarter numbers. Company officials credit growing volume and solid pricing.

The railroad reported net income of $1.55 billion, or $2.12 per share. That's 6 cents better than expected, according to a survey by Zacks Investment Research. Revenue was $5.76 billion, also edging out expectations.