Market Chatter: CSX Cuts 5% of Management Staff, Suspends Conductors

MT Newswires Live

Jan 08

CSX (CSX) eliminated 166 management positions, representing about 5% of its non-union workforce, FreightWaves reported Thursday, citing an internal message to employees.

The railroad reportedly furloughed 193 conductors and placed another 157 in unassigned status following weekly job bid openings.

The cuts were necessary to streamline the organization due to difficult economic conditions, the news outlet quoted Chief Executive Steve Angel as saying.

Other cost-reduction measures include scaling back employee travel and trimming extra boards, along with a reduction in management benefits, FreightWaves reported.

CSX did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2601350069","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601350069","pubTimestamp":1767868018,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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