Union Pacific Chairman Jim Young said the railroad will recall most of its furloughed employees within a year, reports the Associated Press.
The company currently has about 2,300 furloughed employees, compared with a peak of 5,300 in June of last year.
"I think in the next year, we're going to be close [to zero], Young said. That's a function of where the economy is going from here. Growth continues but its a pretty slow rate."
Young said the railroad will work to replace employees lost through normal attrition with furloughed employees and new hires.
"We just started to do some hiring it's been a long time since we've been in the market [for new employees]," Young said.
(The preceding article was published July 23, 2010, by the Associated Press.
