JACKSONVILLE, Fla. — CSX eliminated 125 management positions on Thursday (July 10) in a cost-cutting move that comes less than two weeks before the railroad is scheduled to release its second quarter financial results.
The layoffs thinned management ranks by nearly 5%, based on monthly employment data the railroad reports to the Surface Transportation Board.
“CSX has implemented changes to its management structure as part of the company’s ongoing efforts to continually improve business performance and ensure the company’s long-term success,” the railroad said in a statement…