Progressive Railroading, 2/22:
CSX to cut 1,000 management jobs
CSX Corp. yesterday announced it will eliminate about 1,000 management employees "through an involuntary separation program" that will be completed by mid- to late March.
Enhanced separation benefits will be offered to those losing their jobs. A majority of the affected employees work in Jacksonville, Fla., across multiple locations and subsidiaries. However, some work in CSX's field organization will be affected, said company spokesman Gary Sease in an email.
"Upon further study and evaluation, we will know both the Jacksonville and field management employee impact," Sease said.
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Related topic: CSX shareholder meeting 3/16 re: Mantle Ridge, Harrison proposals