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SMALL BUSINESS
Alaska Railroad lays off 127
AP
ANCHORAGE, Alaska -The Alaska Railroad has laid off 127 employees.
The Anchorage Daily News and television station KTUU says Pat Gamble, the railroad's president, sent an e-mail to employees Tuesday. In it, he says 127 funded positions have been laid off.
Gamble adds this does not, by itself, solve the railroad's financial problems.
A message left by The Associated Press with the railroad Tuesday was not immediately returned.
Officials had earlier estimated a 20 percent cut in its work force. It has about 700 year-round employees and hires another 100 on a seasonal basis.
The railroad is dealing with declining revenues because of a drop in tourism and reduced production at the Flint Hills petroleum refinery. More than a third of the railroad's revenue comes from transporting products from the North Pole refinery.
—
Information from: Anchorage Daily News,
http://www.adn.com and KTUU:
http://www.ktuu.com
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-09-22 20:50:42
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