CSX Reaches Agreement with IAM and NCFO on Paid Sick Leave for Railroad Workers
February 10 2023 - 5:15PM
CSX (NASDAQ: CSX) today announced that it has reached an agreement
with two additional railroad unions to provide paid sick leave to
its employees.
The agreements were reached with the International Association
of Machinists and Aerospace Workers (IAM), which represents
railroad machinists, and the National Conference of Firemen and
Oilers (NCFO), which represents the company’s utility workers.
The new contracts are demonstrative of CSX’s commitment to
continue working with its employees and their representatives to
improve the work experience of its employees. CSX recently
announced contractual agreements with two other unions – the
Brotherhood of Maintenance of Way and Brotherhood of Railway Carmen
– with provisions of paid sick leave.
Joe Hinrichs, president and chief executive officer of CSX said,
“CSX is very much committed to the wellbeing of all of our
employees and their families. We have a great respect for the work
they do in service to our customers and the nation, and we will
continue to partner with them and their representatives to ensure
they have the best possible employment experience with our
railroad. We appreciate the collaboration with IAM and NCFO, and
are proud of the momentum we are building with our union partners
to find solutions by working together.”
About CSX
CSX, based in Jacksonville, Florida, is a premier transportation
company. It provides rail, intermodal and rail-to-truck transload
services and solutions to customers across a broad array of
markets, including energy, industrial, construction, agricultural,
and consumer products. For nearly 200 years, CSX has played a
critical role in the nation's economic expansion and industrial
development. Its network connects every major metropolitan area in
the eastern United States, where nearly two-thirds of the nation's
population resides. It also links more than 240 short-line
railroads and more than 70 ocean, river and lake ports with major
population centers and farming towns alike.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
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