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Freight Transport: Db Cargo's New Boss Is Dismantling Almost Half of the Jobs
DB Cargo aims to regain profitability and comply with EU state-aid rules by cutting roughly half its German workforce through 2030, Deutsche Bahn said.
- Deutsche Bahn said on Thursday that it will cut about 6,000 jobs at DB Cargo by 2030 as part of a restructuring to return the unit to profit, with the company stating, `The current restructuring plan envisages a reduction of approximately 6,000 jobs at DB Cargo.`
- Facing EU scrutiny, DB Cargo faces an EU state-aid probe with a decision due in October and rising competition with competitors holding around 60% combined market share amid declines in automotive, steel and chemicals traffic.
- Operationally, the plan will close some smaller maintenance centres and overhaul the single-wagon transport service, while offering roles to affected DB Cargo workforce within Deutsche Bahn’s 220,000 staff.
- Deutsche Bahn said the cuts would help DB Cargo stand on its own two feet and reduce dependence on government funds, adding `The plan is to implement this in a socially responsible manner.`
- Looking ahead, Deutsche Bahn said the group plans to build up its international business, exploring opportunities around Rotterdam and southeastern Europe, and aims for a net profit in the double-digit millions for 2026.
33 Articles
33 Articles
Deutsche Bahn's freight forwarder is facing a profound transformation. DB Cargo's CEO, Bernhard Osburg, has a massive ... The post restructuring course according to EU requirements: almost every second position at DB Cargo is to be cancelled appeared first on Apollo News.
6000 out of 14000 jobs fall away, one billion euros are saved: the crisis-ridden freight division DB Cargo continues to face uncertain times.
The head of the crisis-ridden rail freight subsidiary DB Cargo, Osburg, has announced the dismantling of almost half of the jobs in Germany. Of the currently around 14,000 full-time jobs in this country, 6,200 should be eliminated, said Osburg of the German Press Agency.
German rail freight company DB Cargo, a subsidiary of German railway operator Deutsche Bahn, will cut around 6,000 jobs, half of the company's workforce, as it seeks to boost profitability and reduce its reliance on state funds, the French news agency AFP reported.
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