CSX Reaches Tentative Paid Sick Leave Agreement with SMART-TD B&O Union
April 03 2023 - 3:00PM
CSX (NASDAQ: CSX) today announced that it has reached a tentative
agreement with the Sheet Metal, Air, Rail and Transportation
Workers-Transportation Division B&O (SMART-TD B&O) union to
provide CSX trainmen and conductors with paid sick leave benefits.
Pending ratification by SMART-TD B&O members, the agreement
will increase the number of CSX operating employees with paid sick
leave benefits to more than 10,000, or 60% of the company’s
union-represented workforce.
“I want to thank the SMART-TD B&O leadership for working
with us to reach this important agreement for their members and
adding to the progress we’re making together to improve the work
experience for front-line employees who create value for our
customers,” said Joe Hinrichs, CSX president and chief executive
officer.
The terms of the SMART-TD B&O agreement provide for five
days of paid sick leave annually plus an opportunity to convert two
days from personal leave to sick leave. Other unions that have
negotiated paid sick leave for their members include the
International Brotherhood of Electrical Workers (IBEW); 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.
“We are committed to listening to our employees and talking with
union leaders about how we can solve issues and further improve
relations,” Hinrichs said. “When we’re working together, we’re
working better — for our customers and each other.”
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 Relations904-366-4515Bryan Tucker, Corporate
Communications855-955-6397
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