Virgin East Coast should go back to public ownership says union

Virgin East Coast should go back to public ownership says union
 

Union chiefs have demanded the return of the East Coast rail routes to public ownership after current operator signalled heavy losses from running the franchise.
Rail union the RMT called for East Coast to be re-nationalised after rail and bus giant Stagecoach booking £84.1m in exceptional costs to “provide for anticipated losses” under the East Coast contract, which it jointly runs with Virgin. Stagecoach said pre-tax profit plunged from £104.4m to £17.9m in the year to April 29
RMT general secretary Mick Cash said: “RMT warned that re-privatising East Coast, after it had been successfully... read more

 
30 June 2017 in Yorkshire & Humber, Views: 32
Source: Examiner
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