CSX Corp. said Tuesday it has cut 52 additional jobs in its headquarters operations, after 298 employees opted to take buy-outs.
The Jacksonville-based railroad company said in November it was seeking to cut 300 jobs by offering some employees an enhanced retirement package.
While 298 employees decided to take that package, CEO Michael Ward said two weeks ago there would likely have to be layoffs because the jobs of
people who took the buyouts did not necessarily align with the positions CSX wanted to eliminate.
The company said Tuesday no further separations are anticipated.
CSX spokeswoman Melanie Cost said by email that because the company has seen a sharp reduction in coal shipments on the railroad while looking to grow in other merchandise and intermodal markets, it restructured some of its headquarters departments.
“The streamlining initiative achieved its goal, which included a 10 percent reduction in general and administrative expenses and the reduction of about 300 headquarters positions,” she said.
The 52 employees who lost their jobs involuntarily are receiving a severance package and career placement services, Cost said.
CSX employs about 3,600 people in Jacksonville, including headquarters staff and field personnel.
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