Alaska Railroad Eliminates 54 Positions

Tools

by Associated Press

ANCHORAGE - The state-owned Alaska Railroad on Thursday eliminated 54 positions as it struggles to deal with a significant revenue drop and rising costs.
   
The Alaska Railroad Corp. says in a release that of the 54 positions eliminated, 25 of the jobs were already vacant, meaning the actual number of people laid off is 29.
   
This represents 8 percent of its workforce, and will account for about $4.5 million in savings.
   
The railroad says it has seen a negative swing of $45 million in its finances in the last two years.
   
The loss of coal and petroleum customers was cited as a significant factor, along with a loss of federal funding and increased obligations in required matching funds.
   
The railroad eliminated 191 jobs in 2008-09, and 52 mostly seasonal employees last year.
 

Add a comment

Name:

Comment: 1000 Characters Left

Coastal Television | AK News, Weather and Sports | and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.