CSX to cut 22% of management jobs

• Bloomberg reports that CSX Corp (CSX +0.6%) will eliminate 1,000 management jobs, with the majority coming out of the company's HQ in Jacksonville.
• The cuts, which represent about 22% of total management positions, are expected to be enacted by the end of March. A voluntary separation program is also on the way from CSX.
• CSX trades close to its 52-week high of $49.13.
• Previously: CSX shakes up management (Feb. 21)