Layoffs blamed on lower demand for oil and coal shipments
The furloughs amount to about 10 percent of the Fort Worth-based company’s workforce
The railroad joins Union Pacific Corp., CSX Corp. and Kansas City Southern in spending cuts
March 31, 2016 - Fort Worth Star-Telegram
FORT WORTH -In another sign of the fallout of low energy prices, BNSF Railway says it has furloughed about about 4,600 of its employees nationwide over the past several months.
The furloughs amount to about 10 percent of the Fort Worth-based company’s workforce, matching the layoffs made by the railroad in 2007 and 2008, according to statements made by Matthew Rose, executive chairman of BNSF at an energy conference in Billings, Montana.
Read more here: http://www.star-telegram.com/news/business/article69326397.html#storylink=cpy
The furloughs amount to about 10 percent of the Fort Worth-based company’s workforce
The railroad joins Union Pacific Corp., CSX Corp. and Kansas City Southern in spending cuts
March 31, 2016 - Fort Worth Star-Telegram
FORT WORTH -In another sign of the fallout of low energy prices, BNSF Railway says it has furloughed about about 4,600 of its employees nationwide over the past several months.
The furloughs amount to about 10 percent of the Fort Worth-based company’s workforce, matching the layoffs made by the railroad in 2007 and 2008, according to statements made by Matthew Rose, executive chairman of BNSF at an energy conference in Billings, Montana.
Read more here: http://www.star-telegram.com/news/business/article69326397.html#storylink=cpy