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Stock impact report

CSX Inks Labor Deals Related to Higher Wage, Paid Sick Leave [Yahoo! Finance]

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The tentative deals with the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers and the Transportation Communications Union have been inked four months prior to the amendment of the current collective agreements under the federal Railway Labor Act. The deals are effective based on the pending ratification by the unions' membership at CSX. So far, CSX has inked proactive deals with 11 labor unions. This includes 15 different work groups, amending 20 collective agreements covering more than 50% of CSX's unionized workforce. All the deals are aimed at offering equivalent packages of improved wages, health care, and paid time off benefits. Joe Hinrichs, president and chief executive officer at CSX, stated, “The latest tentative agreements build upon the momentum that we have created alongside our union partners and allows us to solidify the foundation at CSX where every employee feels valued and empowered. Our employees are the backbone of Show less Read more
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