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:: Tuesday, November 21, 2006 ::
Retirement, demand lead railroads to hire more workers - By Desiree J. Hanford, MarketWatch
The need for more railroad workers stems, in part, from a change in 2002 that gave workers with 30 years of service the option to retire with full benefits at age 60 instead of 62. In addition, the industry hadn't hired many people in the past decade or so because of consolidation and technological advancements that led to fewer workers being required on trains, said Tom White, spokesman for the Association of American Railroads.
An increase in demand has also spurred the need for more workers. The industry first noticed a worker shortage in late 2003 when business suddenly increased, a rise few, if any, had forecast and so no one had planned for, White added.------------------------------------------- posted 7:45 AM :: reference link ::
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