Trains News Wire
Norfolk Southern loses support of engineers’ union in proxy battle with activist investor (updated)By Bill Stephens | April 26, 2024The Brotherhood of Locomotive Engineers and Trainmen now says it backs Ancora Holdings’ proposals for management change at the railroad
INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen is now backing activist investor Ancora Holdings and its call for management change at Norfolk Southern.
The union’s decision, announced today, is the second in as many days: The union representing maintenance of way workers yesterday swung its support to Ancora. The unions represent 41.5% of Norfolk Southern’s workforce.
But, in response, the unions that represent the rest of NS’s workers today affirmed their support for CEO Alan Shaw and his management team.