(Source: MarketWatch.com, April 18, 2012)
NEW YORK — CSX Corp. furloughed about 280 employees in the first quarter and put about 100 locomotives into storage, in what Chief Executive Michael Ward characterized as a “surgical” response to a big downturn in demand for coal from electric utilities. Ward said the move isn’t a complete furlough, as the employees are able to work two days a week and maintain health care and other benefits.
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