NJ Transit locomotive engineers could soon walk off the job, bringing to a halt a rail service used by 350,000 commuters in the event of a work stoppage. As of Thursday morning, the Brotherhood of Locomotive Engineers and Trainmen union and NJ Transit representatives were still meeting in negotiations hoping to reach an agreement prior to a potential strike.

Talks continue Thursday to avert a walkout by NJ Transit engineers Friday at 12:01 a.m., sending 350,000 to find alternate rides.

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.

A labor dispute between NJ Transit’s locomotive engineers and the Garden State transit agency’s management threatened to become New Jersey’s first rail strike in more than 40

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

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.

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.