Union Pacific Cuts Workforce 15% as Cargo Volume Plunges

The video discusses the challenges faced by a company due to a decline in supply chain volume, leading to workforce adjustments and financial strategies to maintain liquidity. It explores the impact on employment, efficiency improvements, and the competitive market landscape. The discussion also covers the economic recovery outlook and wage considerations, emphasizing the importance of supporting stakeholders during the pandemic.

What percentage reduction in workforce was reported year over year in the first quarter?

• 25%

• 15%

• 10%

• 20%

Which financial strategy is being used to maintain liquidity?

• Increasing capital spending

• Tapping into credit lines

• Pausing share buybacks

• Reducing dividend payouts

What is the expected outcome for jobs that are currently furloughed or idled?

• They will not return

• They will return with reduced hours

• They will be replaced by automation

• They will return post-recovery

How is the company planning to compete in the post-recovery market?

• By offering more reliable services

• By cutting workforce further

• By reducing service quality

• By increasing prices

What is the anticipated impact of oil prices on competition?

• It will increase the cost of rail transport

• It will help truckers be more competitive

• It will have no impact

• It will make trucking less competitive

What is the company's stance on wage deflation in the future?

• It will only affect new hires

• It will be necessary for recovery

• It is unlikely to happen

• It is likely to happen

Which stakeholder group has been impacted by the pandemic according to the company?

• Only employees

• Only shareholders

• Only customers

• All stakeholders