US EditionGermany's Rail Operator Targets €500m in Management Cuts
8 Articles
8 Articles
The new railway manager announces the most comprehensive restructuring of the state-owned company since the railway reform in 1994. In the future, only two key figures will be decided on the bonus of the railway managers.
Deutsche Bahn is planning a massive job reduction in the Corporate Executive Committee. Now, Chef Evelyn Palla calls new details – and dampens the hope of punctual trains.
CEO Evelyn Palla is serious: she imposes a radical austerity policy on the state corporation at the very top. Fresh money should be invested in the safety and cleanliness of the stations. Is that enough?
Germany's rail operator targets €500m in management cuts
The head of Deutsche Bahn is aiming to cut €500 million per year in management costs, as Germany's railway operator seeks to find a way to profitability, reported dpa. Boss Evelyn Palla said at a meeting in Berlin that the company plans to focus on improving services across the board. "And we will say goodbye to the rest, to everything else, because we simply can't afford it anymore," she added. Just a few weeks after taking office last October,…
Train manager Palla wants to reduce costs at the Group – and cuts costs especially on the executive days. Half a billion euros are to be saved annually.
Deutsche Bahn CEO Palla has announced a smaller executive board. She plans to cut 21 of the 43 positions at the management level below the executive board. The future focus of management will be on improving the quality of rail services across the country.
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