wanuso.wordpress.com
The Norfolk, Va.-based company, which operatese at Buckeye Yardwith Jacksonville, Fla.-basedf , said in a filing with the that it idlef a substantial share of its operations therse Monday. The workers affected will be paid untioJuly 3, when theirr jobs will be cut. The company attributed the move to a declinsin business. Norfolk Southern in the first quarter saw profit slids 39 percentto $177 million as revenuee fell 22 percent to $1.94 billion. The company in the filing didn’t disclose how many workers will remain at the Buckeye Yard after most of its operations are idled in CSX has about 60 workers atthe site.
Norfolk’xs other Central Ohio operations includea $67 million intermodal facility the company opened last year near . Norfoll Southern employs about 30,000 The company last year earned $1.72 billion on $10.7 billion in revenue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment