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Union Pacific lays off 250 and furloughs another 450 workers

Union Pacific
Posted at 9:20 AM, Feb 13, 2019
and last updated 2019-02-13 10:20:48-05

OMAHA, Neb. (AP) — Union Pacific railroad is eliminating 250 jobs and furloughing another 450 employees as it continues to reduce its expenses.

The Omaha World-Herald reports the railroad outlined the latest cuts in a memo to employees on Tuesday.

U-P officials say the cuts are part of an effort to make the railroad more efficient. The railroad said last month that its fourth-quarter profit increased 29 percent to $1.55 billion, because demand remained strong and the railroad had already begun streamlining operations.

Union Pacific operates 32,400 miles of track in 23 western states.