CSX announces Ratification of Labor Deal with IAM
CSX (NASDAQ: CSX) has announced the ratification of a five-year collective bargaining agreement with The International Association of Machinists & Aerospace Workers (IAM). This marks a significant milestone in CSX's labor relations, bringing the total number of ratified agreements to 11 unions covering 14 work groups, representing 47% of CSX's unionized workforce.
The agreement includes comprehensive benefits packages featuring improved wages, healthcare, and paid time off benefits. CEO Joe Hinrichs emphasized this ratification as evidence of strong partnership with union leadership, highlighting the company's commitment to employee value and workplace respect.
CSX continues to engage with remaining unions to establish similar agreements, focusing on workplace improvements and maintaining their ONE CSX initiative for enhanced safety, efficiency, and service delivery for sustained growth.
CSX (NASDAQ: CSX) ha annunciato la ratifica di un contratto collettivo di lavoro di cinque anni con l'International Association of Machinists & Aerospace Workers (IAM). Questo rappresenta un traguardo significativo nelle relazioni lavorative di CSX, portando il numero totale di accordi ratificati a 11 sindacati che coprono 14 gruppi di lavoro, rappresentando il 47% della forza lavoro sindacalizzata di CSX.
Il contratto include pacchetti di benefici completi con salari migliorati, assistenza sanitaria e benefici per il tempo libero retribuito. Il CEO Joe Hinrichs ha sottolineato questa ratifica come prova di una forte collaborazione con la leadership sindacale, evidenziando l'impegno dell'azienda verso il valore dei dipendenti e il rispetto sul posto di lavoro.
CSX continua a collaborare con i sindacati rimanenti per stabilire accordi simili, concentrandosi sui miglioramenti sul posto di lavoro e mantenendo la loro iniziativa ONE CSX per una maggiore sicurezza, efficienza e qualità del servizio per una crescita sostenuta.
CSX (NASDAQ: CSX) ha anunciado la ratificación de un acuerdo colectivo de cinco años con la Asociación Internacional de Maquinistas y Trabajadores Aeroespaciales (IAM). Esto marca un hito significativo en las relaciones laborales de CSX, llevando el número total de acuerdos ratificados a 11 sindicatos que cubren 14 grupos de trabajo, representando el 47% de la fuerza laboral sindicalizada de CSX.
El acuerdo incluye paquetes de beneficios completos con salarios mejorados, atención médica y beneficios por tiempo libre pagado. El CEO Joe Hinrichs enfatizó esta ratificación como evidencia de una sólida asociación con el liderazgo sindical, destacando el compromiso de la empresa con el valor de los empleados y el respeto en el lugar de trabajo.
CSX continúa colaborando con los sindicatos restantes para establecer acuerdos similares, enfocándose en mejoras en el lugar de trabajo y manteniendo su iniciativa ONE CSX para una mayor seguridad, eficiencia y entrega de servicios para un crecimiento sostenido.
CSX (NASDAQ: CSX)는 국제 기계공 및 항공우주 노동자 협회(IAM)와 5년 간의 단체 협약이 비준되었음을 발표했습니다. 이는 CSX의 노동 관계에 있어 중요한 이정표가 되며, 총 11개의 노조와 14개의 작업 그룹을 포함하는 비준된 협약의 수를 나타내며, CSX의 노조원 노동력의 47%를 대표합니다.
이번 협약에는 개선된 임금, 의료 서비스 및 유급 휴가 혜택을 포함한 포괄적인 복리후생 패키지가 포함되어 있습니다. CEO 조 힌리히스는 이번 비준을 노조 리더십과의 강력한 파트너십의 증거로 강조하며, 직원 가치와 직장 내 존중에 대한 회사의 헌신을 부각시켰습니다.
CSX는 나머지 노조와 계속 협력하여 유사한 협약을 체결하고, 작업장 개선 및 안전, 효율성, 서비스 제공을 향상시키기 위한 ONE CSX 이니셔티브를 유지하는 데 집중하고 있습니다.
CSX (NASDAQ: CSX) a annoncé la ratification d'un accord de négociation collective de cinq ans avec l'International Association of Machinists & Aerospace Workers (IAM). Cela marque une étape importante dans les relations de travail de CSX, portant le nombre total d'accords ratifiés à 11 syndicats couvrant 14 groupes de travail, représentant 47 % de la main-d'œuvre syndiquée de CSX.
L'accord comprend des forfaits d'avantages complets avec des salaires améliorés, des soins de santé et des congés payés. Le PDG Joe Hinrichs a souligné cette ratification comme preuve d'un partenariat solide avec les dirigeants syndicaux, mettant en avant l'engagement de l'entreprise envers la valeur des employés et le respect sur le lieu de travail.
CSX continue de dialoguer avec les syndicats restants pour établir des accords similaires, en se concentrant sur les améliorations sur le lieu de travail et en maintenant leur initiative ONE CSX pour une sécurité, une efficacité et une qualité de service accrues pour une croissance durable.
CSX (NASDAQ: CSX) hat die Ratifizierung eines fünfjährigen Tarifvertrags mit der International Association of Machinists & Aerospace Workers (IAM) bekannt gegeben. Dies stellt einen bedeutenden Meilenstein in den Arbeitsbeziehungen von CSX dar und bringt die Gesamtzahl der ratifizierten Vereinbarungen auf 11 Gewerkschaften, die 14 Arbeitsgruppen abdecken und 47 % der gewerkschaftlich organisierten Belegschaft von CSX repräsentieren.
Der Vertrag umfasst umfassende Leistungspakete mit verbesserten Löhnen, Gesundheitsversorgung und bezahltem Urlaub. CEO Joe Hinrichs betonte diese Ratifizierung als Beweis für eine starke Partnerschaft mit der Gewerkschaftsführung und hob das Engagement des Unternehmens für den Wert der Mitarbeiter und den Respekt am Arbeitsplatz hervor.
CSX setzt weiterhin den Dialog mit den verbleibenden Gewerkschaften fort, um ähnliche Vereinbarungen zu schaffen, wobei der Schwerpunkt auf Verbesserungen am Arbeitsplatz und der Aufrechterhaltung ihrer ONE CSX-Initiative für mehr Sicherheit, Effizienz und Servicequalität zur nachhaltigen Wachstumsförderung liegt.
- Successful ratification of 5-year labor agreement with IAM
- 47% of unionized workforce now under ratified agreements
- Agreements with 11 unions covering 14 work groups secured
- 53% of unionized workforce still not covered by ratified agreements
JACKSONVILLE, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced that employees represented by The International Association of Machinists & Aerospace Workers (IAM) have voted to ratify the five-year collective bargaining agreement.
“IAM’s ratification is a testament to the strength of our partnership with union leadership,” said Joe Hinrichs, President and CEO of CSX. “This underscores our commitment to fostering a workplace where every employee feels valued and respected. Together, as ONE CSX, we will continue enhancing safety, efficiency, and service to secure sustained growth.”
To date, CSX has ratified agreements with 11 labor unions, covering 14 different work groups, accounting for 47 percent of its unionized workforce. The terms of the agreements are aligned, providing equivalent packages of improved wages, health care, and paid time off benefits.
CSX remains committed to working with other unions and crafts to reach similar agreements and continuing to partner with employees to make meaningful improvements in their work environment.
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. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on X, formerly known as Twitter (http://twitter.com/CSX).
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
FAQ
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