CSX Reaches Agreement with IBEW Union on Paid Sick Leave

Rhea-AI Summary

CSX announced on March 22, 2023, an agreement with the International Brotherhood of Electrical Workers (IBEW) to provide paid sick leave to employees. This marks the seventh agreement with rail unions, benefiting nearly 7,700 or 46% of CSX's union-represented workforce. Other unions that have secured paid sick leave include Brotherhood of Maintenance of Way, Brotherhood of Railway Carmen, International Association of Machinists, and National Conference of Firemen and Oilers. CSX highlights its commitment to improving employee relations and work experience, emphasizing safety and business growth.

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• Agreement with IBEW provides paid sick leave for employees.
• Total employees with paid sick leave now at nearly 7,700, or 46% of union-represented workforce.
• Seventh agreement with rail unions indicates productive labor relations.

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JACKSONVILLE, Fla., March 22, 2023 (GLOBE NEWSWIRE) -- 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

FAQ

What recent agreement did CSX reach with labor unions?

CSX reached an agreement with the IBEW to provide paid sick leave to employees.

How many CSX employees now have paid sick leave?

Nearly 7,700 CSX employees, or 46% of the union-represented workforce, now have paid sick leave.

When was the agreement with IBEW announced?

The agreement with IBEW was announced on March 22, 2023.

Which unions have secured paid sick leave agreements with CSX?

Unions include the Brotherhood of Maintenance of Way, Brotherhood of Railway Carmen, International Association of Machinists, and National Conference of Firemen and Oilers.

What is CSX's focus in improving employee conditions?

CSX aims to enhance the employee work experience and safety, while also growing the business.