CSX said it has reached a tentative pact with the SMART Transportation Division to provide advance payments to union members on future wage increases expected in national contract negotiations.
Those negotiations are between the National Carrier’s Conference, which represents railroad management, and the various unions representing railroad workers.
Those talks are currently in mediation. The talks began in November 2019 and typically take years to conclude.
In a statement, CSX CEO James Foote said his company’s workers have gone without a pay increase for a long time but continued to come to work during the COVID-19 pandemic.
As part of the advance payment agreement, CSX also said it would provide identical payments to all unionized employees.
Unionized workers will receive payments of up to $600 from May through the end of the year, or until a negotiated wage settlement is reached, whichever is earlier.
The advance payments would be deducted from any retroactive or future pay increases that may be agreed upon at national bargaining, CSX officials said.
Tags: CSX, International Association of Sheet Metal Air Rail and Transportation Workers, labor agreements, Labor contracts, labor unions, SMART Transportation Division
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