CSX Reaches Agreement with IBEW Union on Paid Sick Leave
March 22 2023 - 4:30PM
CSX (NASDAQ: CSX) today announced that it has reached an agreement
with the International Brotherhood of Electrical Workers (IBEW) to
provide paid sick leave to employees.
This is the seventh agreement between CSX and rail unions in
recent weeks bringing the total number of employees that now have
paid sick leave to nearly 7,700 – or 46 percent of CSX’s
union-represented workforce. Other unions that have negotiated paid
sick leave for their members include the Brotherhood of Maintenance
of Way (BMWED), which represents track workers; the Brotherhood of
Railway Carmen (BRC), which represents mechanical employees; the
International Association of Machinists and Aerospace Workers
(IAM), which represents railroad machinists; and the National
Conference of Firemen and Oilers (NCFO), which represents CSX’s
utility workers.
The contracts demonstrate CSX’s commitment to continuing to work
with its employees and their representatives to improve the work
experience across its organization.
“We are pleased by the progress we are making to improve the
dialogue and strengthen relationships with rail labor,” said Joe
Hinrichs, President and Chief Executive Officer of CSX. “This
newest agreement, with the IBEW, is a continuation of the spirit of
cooperation that we are committed to pursuing as we work together
to improve the employee work experience, enhance the safety of our
operations, and grow the business.”
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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