Omaha, Neb. — Union Pacific railroad is eliminating 250 jobs and furloughing another 450 employees as it continues working to reduce its expenses.
The Omaha World-Herald reports the Omaha, Nebraska-based railroad outlined the latest cuts in a memo to employees on Tuesday.
Union Pacific officials say the cuts are part of its effort to make the railroad more efficiency. The furloughs in Union Pacific’s mechanical department are possible because the railroad has stored 1,200 locomotives.
Union Pacific said last month that its fourth-quarter profit increased 29 percent to $1.55 billion because demand remained strong and the railroad had already begun streamlining operations.
Union Pacific operates 32,400 miles of track in 23 western states.