Rail Deal Good for Unions and Railroads: Biden

A tentative labor agreement has been reached between railroad workers and railway companies, marking a significant achievement for both parties. The agreement acknowledges the dedication of rail workers during the pandemic, offering them a 24% wage increase over five years, improved working conditions, and capped healthcare costs. This deal also benefits railway companies by helping them retain and recruit workers, ensuring their continued role as a vital part of the economy.

In what way is the labor agreement described as a win for both sides?

What is the significance of the labor agreement for the railway companies?