Union Pacific Layoffs Job Cut: fires 3150 employees

The news is not good for the employees of Union Pacific Corp. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Union Pacific. No one seems to be shielded from the effect of recession. It the Union Pacific Company, which have decided to go for the layoff.

How many employees will be fired in the Union Pacific layoffs?
There could be around 3150 job cuts by the company. However, the buck is not going to stop there. There may be more layoffs coming on the way.

What is the total number of employee strength for Union Pacific ?
There are around 47,000 employees at Union Pacific.

Which location will be affected by the layoffs?
The layoffs will be done national level - at almost all locations in the six states where the bank is present.

What is the primary reasons for Union Pacific layoffs?
Declining demand, no fresight of economic revival is the main reason quoted by the company for layoffs.

Any previous layoffs by the company?
No. There are no reports of any previous layoffs.

How much savings is expected due to layoffs by Union Pacific?
No concrete details are available but it is learnt that company is going for all cost cutting measures.

Any other news about Union Pacific layoffs
Union Pacific reported a 35 percent increase in net income during its fourth quarter, despite the national recession's having sunk business volumes by 12 percent in that period. Volumes were down 18 percent in the first 21 days of January.
Let's hope that alternative jobs are available to the affected employees of Union Pacific Layoffs Job Cut