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Negotiators make little progress in preventing rail strike

Posted at 7:45 AM, Nov 23, 2022
and last updated 2022-11-23 10:46:31-05

(KERO) — Negotiators are making no progress trying to prevent a rail strike during the holiday shopping season.

The largest of the 12 rail workers' unions rejected management's latest proposal that included 24 percent raises and $5,000 bonuses. Three other unions also rejected the new deals.

A cooling-off period ends December 9th, which is when a possible strike could begin. Economists predict a rail strike would cost the United States economy $2 billion a day. Many experts predict Congress will need to step in and prevent workers from going to the picket lines.