CSX And BRS Reach Second Agreement On Paid Sick Leave Covering Approximately 200 Employees
Portfolio Pulse from Benzinga Newsdesk
CSX Corp. has ratified a paid sick leave agreement covering approximately 200 employees represented by the Brotherhood of Railroad Signalmen (BRS) on the company's L&N property. This follows another agreement with the BRS covering nearly 400 employees on the SCL property. CSX continues to negotiate with various railroad unions to provide paid sick leave, including agreements reached earlier this year with the BMWED, BRC, SMART-TD, IAM, NCFO and IBEW unions.
October 25, 2023 | 7:47 pm
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CSX Corp. has ratified a paid sick leave agreement for 200 employees, following a similar agreement for 400 employees. The company continues to negotiate with various railroad unions for paid sick leave.
The news is directly related to CSX Corp. and its labor relations. The ratification of the paid sick leave agreement is a positive step for the company's labor relations, but it's unclear how this will directly impact the company's stock price in the short term. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100