"Amtrak is redistributing the wealth this holiday season at the urging of the Trump administration. Amtrak is giving $900 holiday bonuses to its over 18,000 unionized workers, the Department of Transportation said this week. The bonuses are the result of a deal between the DOT and Amtrak management and its board of directors, the agency said, adding that Amtrak's executive leadership agreed to give up half of their own bonus package to make it happen."
""Christmas is coming a little early this year for 18,000 @Amtrak frontline workers, thanks to leadership who gave back their holiday bonuses," Transportation Secretary Sean Duffy said in an Instagram post on Friday. President Donald Trump's administration has been critical of the existing bonus structures for Amtrak leadership, with the DOT saying they resulted in "exorbitant payouts for senior staff." As part of the agreement, Amtrak's board has agreed to get rid of long-term incentive bonuses for its senior executives, DOT said."
Amtrak will pay $900 holiday bonuses to more than 18,000 unionized frontline workers following an agreement between the Department of Transportation and Amtrak management and board. Amtrak's executive leadership agreed to surrender half of their bonus packages and the board agreed to eliminate long-term incentive bonuses for senior executives. The Trump administration criticized prior Amtrak leadership bonuses as resulting in exorbitant payouts for senior staff. Approximately 246 managers reportedly gave up portions of bonuses totaling $16.2 million. Amtrak achieved a record 34.5 million customer trips in the fiscal year that ended in September.
Read at Business Insider
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