Freightcar reaches settlement with union

Newswire

NEW YORK, June 24 (Reuters) - FreightCar America Inc said on Tuesday it reached a tentative settlement with representatives of the United Steelworkers of America and the plaintiffs in the Sowers/Hayden class action litigation. In May, the maker of railroad cars said it would take a charge of $20 million to $24.5 million after an arbitrator ruled it was liable for back pay and benefits to workers represented by the United Steelworkers at a Johnston, Pennsylvania facility that it intends to ...

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