Strike action threatened over company's plans to 'fire and rehire' 130 workers Unite said the engineering giant is seeking to place the staff on "inferior" pay and conditions Liverpool Echo · Feb 17, 2022
Strike action threatened after global giant unveils plans to 'fire and rehire' 130 workers Unite said the US group is seeking to place the staff on "inferior" pay and conditions Birmingham Post · Feb 17, 2022
Wabtec Reports Mixed Q4 Results, Boosts Dividend By 25%, Plans $750M Buyback Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) reported fourth-quarter FY21 sales growth of 2.4% year-over-year to $2.07 billion, missing the consensus of $2.18 billion. Adjusted EPS $1.18 (+20.4% Y/Y), beating consensus of $1.17. The gross margin expanded by 650 bps to 31.5%. The adjusted gross margin was 31.7%, up by 570 bps. The… Benzinga · Feb 16, 2022
Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec Union Pacific Corp (NYSE:UNP) plans to purchase 20 battery-electric locomotives for testing in yard operations. The company expects the combined purchases and upgrades to yard infrastructure to exceed $100 million. The railroad will purchase the locomotives from Progress Rail, a Caterpillar Inc. (NYSE:CAT) company, and Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec). Union Pacific anticipates the first… Benzinga · Jan 28, 2022