Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

Union Pacific Cuts Hundreds of Jobs As Railroad Coal Shipments Plunge

by The Associated Press /  / Updated 
An old technology—railroads—could play a role in alleviating some water shortages in California.Tim Boyle / Getty Images

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

OMAHA, Neb. -- Union Pacific will cut hundreds of management jobs as the amount of coal shipped by railroads continues to plunge.

The Omaha company reported late last month that coal volume dropped 26 percent in its most recent quarter and said it believed that demand for coal would remain weak for the rest of the year.

Union Pacific spokesman Aaron Hunt said Thursday that the cutbacks were job eliminations, not just temporary layoffs. He wouldn't confirm a specific number or say where the cuts would fall in the coming months.

Natural Gas Overtakes Coal as Top U.S. Electricity Source

The company says severance packages will be available for some who will lose their jobs.

Got a news tip? Email nbctips@gmail.com.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news

Have feedback?

How likely are you to recommend nbcnews.com to a friend or colleague?

0 = Very unlikely
10 = Very likely
Please select answer

Is your feedback about:

Please select answer

Leave your email if you’d like us to respond. (Optional)

Please enter a valid email address

Thank you!

Your feedback has been sent out. Please enjoy more of our content.

We appreciate your help making nbcnews.com a better place.