SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Date of Report (Date of earliest event reported):
March 31, 2000 (March 1, 2000)
NORFOLK SOUTHERN CORPORATION
(exact name of registrant as specified in its charter)
Virginia 1-8339 52-1188014
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Three Commercial Place, Norfolk, Virginia 23510-9241
(Address of principal executive offices)
Registrant's telephone number, including area code (757) 629-2680
No Change
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
Registrant today advised that it expects to record a $100 million
charge in the first quarter to reflect the cost of certain
workforce reductions, as more particularly outlined in the
attached press release.
Item 7.(c) Exhibits
99 Copy of the press release issued by Registrant on
March 31, 2000.
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
NORFOLK SOUTHERN CORPORATION
(Registrant)
By: /s/ Dezora M. Martin
Dezora M. Martin
Corporate Secretary
Date: April 3, 2000
<PAGE>
EXHIBIT INDEX
Exhibit
Number
System Description
99 Copy of press released issued by
Registrant on March 31, 2000.
Exhibit 99
April 3, 2000
Norfolk Southern To Record Workforce Reduction Charge
NORFOLK, VA - Norfolk Southern Corporation (NYSE: NSC) said it will
record a one-time workforce reduction charge in first quarter 2000,
currently estimated to be $100 million, equal to approximately 16 cents
per diluted share, to recognize the cost of its voluntary early
retirement program and other adjustments that more nearly match
workforce size to business needs.
Of 1,180 eligible non-union employees, 919 participated in the
early retirement program. Benefits under the program will be paid
principally from the over-funded portion of the Corporation's pension
plan.
Norfolk Southern Corporation, a Virginia-based holding company with
headquarters in Norfolk, owns a major freight railroad, Norfolk
Southern Railway Company, which operates approximately 21,800 miles of
road in 22 states, the District of Columbia and the Province of
Ontario.
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Media Contact: Bob Fort, Norfolk, 757-629-2710
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Norfolk Southern Corporation
http://www.nscorp.com