German State Rail Operator Deutsche Bahn Plans to Cut Nearly 6,000 Jobs at Cargo Unit to Boost Profitability
Summary
Germany's Deutsche Bahn plans to cut nearly 6,000 jobs at its loss-making cargo subsidiary to boost profitability and reduce state aid reliance amid an EU investigation.
Key Points
- Deutsche Bahn plans to cut nearly six thousand jobs at DB Cargo to improve profitability.
- The restructuring aims to reduce Deutsche Bahn's dependence on state funds.
- DB Cargo faces an EU investigation under state aid rules, with a decision expected in October.
- The job cuts will be carried out in a socially responsible manner with efforts to increase efficiency before reductions.
