CSX Corporation announced on March 3, 2025, that employees represented by The International Association of Machinists & Aerospace Workers (IAM) have voted to ratify a new five-year collective bargaining agreement. This ratification underscores the strength of CSX's partnership with union leadership.
The agreement is designed to foster a workplace where every employee feels valued and respected, with a collective focus on enhancing safety, efficiency, and service for sustained growth. The terms of the agreement provide improved wages, health care, and paid time off benefits, aligning with other union agreements.
To date, CSX has ratified agreements with 11 labor unions, covering 14 different work groups, which accounts for 47% of its unionized workforce. The company continues its commitment to working with other unions to reach similar agreements and make meaningful improvements in the work environment.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.