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.