ANCHORAGE - The Alaska Railroad Corp. says it will contact employees personally next week to tell them about layoffs.
The board of directors met Wednesday to decide on management's recommendation on downsizing.
The Anchorage Daily News reports chief executive Patrick Gamble has estimated a 20 percent cut at the railroad. It employees more than 700 workers year-round and more than 100 others seasonally.
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.
© 2016. All Rights Reserved. | Contact Us