If the engineers do walk off the job, the agency plans to increase bus service, saying it would add “very limited” capacity to existing New York commuter bus routes in close proximity to rail stations and will contract with private carriers to operate bus service from key regional park-and-ride locations during weekday peak periods.

The penthouse views mentioned by union members refers to NJ Transit’s new offices at Gateway Center in Newark, leased for 25 years at a cost of $500 million. It has been a rallying point for union criticism that the agency has money to move from a building they own, but not to provide a competitive wage for engineers.

With a possible NJ Transit strike looming later this week​, engineers protested in front of the agency's headquarters on Wednesday in Newark.

Earlier in the day, their union met with NJ Transit to continue negotiations on a new contract to avoid a possible Friday strike. CBS News New York's Lisa Rozner reports.

Governor Phil Murphy said Wednesday night that he's "hoping for the best, but preparing for the worst" regarding a possible NJ Transit rail strike.