DB Cargo UK announces job cuts and fleet downsizing
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DB Cargo UK is to cut around 900 jobs following what it has described as “unprecedented challenges” and a “dramatic decline in core markets”. Some 893 redundancies have been proposed across the business to address, in particular, the sharp decline in coal volumes over the last 12 months. DB Cargo UK will also look at downsizing its locomotive and wagon fleet and the future of some of its operational sites.
Hans-Georg Werner, chief executive of DB Cargo UK, said in a statement: “Responsible and successful businesses must evolve and reshape as their markets change and sometimes this means making tough decisions. “Whilst this is a difficult time for all of us at DB Cargo UK, reshaping the company will enable us to build a business for the future and protect the majority of jobs. We are fully committed to supporting colleagues who may be at risk of redundancy.
“We firmly believe in the future of rail freight in the UK. Our motorways and roads are becoming more congested and rail offers fast and clean supply chain solutions. “Our new business strategy will ensure we are a perfect logistics partner of choice for customers across all sectors, including construction, automotive and intermodal, long into the future.”
DB Cargo UK stressed the proposals were still subject to consultation.
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