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Union Pacific Corp. senior executives will take a 25% salary cut and non-union workers will be required to take unpaid time off as the railroad suffers from a drop in shipping volume due to the coronavirus pandemic.
The executives' salary cut will apply from May through August. The non-unionized workforce will be required to take one week of unpaid leave each month during that same period. The railroad has about 37,000 workers and 85% are represented by unions.
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