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Stock impact report

Hundreds of jobs being cut as Atlanta-based Norfolk Southern merges with Union Pacific [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In a 7,000-page merger application to the Surface Transportation Board, the companies laid out their plans for the future. The merged company will be based in Omaha, but Atlanta will still serve as “a regional operating center” and “vital hub for technology and innovation.” [DOWNLOAD: Free WSB-TV News app for alerts as news breaks ] However, more than half of those working in the Atlanta office will be phased out from reductions or relocations. The filing reports that about 26%, or approximately 537, of their workforce will be laid off over the next three years. In that same time frame, another 26%, or approximately 546, of the staff will be moved to the Omaha office. The Omaha headquarters will reduce its staff by just over 150 employees. TRENDING STORIES: Former DeKalb sheriff admits to having sheriff-elect Derwin Brown killed in newly released recording Body found near school in Gwinnett County 3 companies to drop insurance rates in Georgia The application ad Show less Read more
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