CSX: 500 Jacksonville employees let go

CSX layoffs complete

JACKSONVILLE, Fla.-  About 800 employees including 500 in Jacksonville are out of work at CSX, the company announced Thursday.  

The announcement is the result of a round of layoffs and voluntary retirements of management positions that the company announced in February, company spokesman Gary Sease tells First Coast News. Sease says about half of the Jacksonville-based managers that left the company were retirement eligible and took voluntary buyouts.

CSX had initially announced they would be eliminating about 1,000 management positions of the 4,500 in the company. 2,500 of those are based in Jacksonville.

“It’s not going to be an easy job hunt trying to find something that mimics what I was currently doing that I enjoyed and got and was good at and paid for," Paul Young, a recently laid-off CSX employee told First Coast News on Monday.

Earlier this week, CSX announced that Hunter Harrison would take over as the company's new CEO. Harrison is replacing Michael Ward, who announced he was leaving as chairman and CEO back on February 21, to become a consultant to the company.

STORY: CSX names new CEO

Harrison will be working with Paul Hilal and his investment firm Mantle Ridge LP to reconstruct the company's Board of Directors. The pair reached an agreement and five new directors will be appointed by both CSX and Mantle Ridge, the company says.

 

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