BNSF Exec Reveals Current Employment Numbers Rival Recession Days

(Wyoming) Last week, several industry executives met in Montana for an energy conference. Matthew Rose, chairman of BNSF, was a keynote speaker at the event. In an address to the crowd in Billings on Wednesday, he stated that 4600 railroad employees are furloughed nationwide, about 10% of the workforce. That's about the same number out of work as during the "Great Recession" in 2007. "Our employees, they’re pretty resilient," he said. "Everybody is pretty disappointed that the volumes are down, but they want to know what they can do to help." Pitchengine reached out to BNSF for information on how many local employees have been laid off or if there are more layoffs coming. They have yet to comment specifically on numbers in Wyoming, but Rose did confirm in his address that they have stopped hiring, and are offering buyouts to older employees, something Sheridan Dally reported last month . Currently, the company is still in negotiations with the Brotherhood of Locomotive Engineers and Trainmen about changes happening in Sheridan. Volumes were down 3% in 2015, according to AgWeek , and BNSF is preparing for more tough years ahead. The three day conference was hosted by Montana Republican Senator Steve Daines, and sponsored by the Montana Chamber Foundation. #county17 #dally #news