Britain's largest rail freight firm to cut a quarter of its workforce



Britain's largest rail freight firm DB Cargo UK plans to cut 893 jobs, over a quarter of its workforce, as the industry faces "unprecedented challenges" from difficult core markets such as coal, it said on Tuesday.
The company, a subsidiary of German rail company Deutsche Bahn AG which employs 3,400 people in Britain, said in a statement it would further reduce its locomotive and wagon fleet and revise the number and locations of its operational sites.
DB Cargo UK, headquartered in Doncaster, northern England, operates over 5,000 trains each month including services to and from... read more

 
18 October 2016 in Business, Views: 48
Source: Reuters
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