Tag #Db Cargo

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welt.de

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Apr 6, 07:12

DB Cargo Threatens to Halt Single-Wagon Transport Due to Insufficient Subsidies

DB Cargo, Germany's dominant single-wagon freight carrier, may cease operations unless the government increases subsidies; CEO Sigrid Nikutta said the company cannot sustain losses, despite its importance to key industries, amid financial pressures and EU mandates for profitability by 2026.

DB Cargo Threatens to Halt Single-Wagon Transport Due to Insufficient Subsidies

DB Cargo, Germany's dominant single-wagon freight carrier, may cease operations unless the government increases subsidies; CEO Sigrid Nikutta said the company cannot sustain losses, despite its importance to key industries, amid financial pressures and EU mandates for profitability by 2026.

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What are the immediate consequences if the German government fails to provide sufficient funding for DB Cargo's single-wagon transport?

DB Cargo, the German railway's freight division, may discontinue its loss-making single-wagon transport unless the federal government increases subsidies. CEO Sigrid Nikutta stated that sustained losses are unacceptable, emphasizing the need for financial viability or cessation of this service. This service, crucial for industries like steel, chemicals, and construction, is currently heavily subsidized, but DB Cargo deems the support insufficient.",

sueddeutsche.de

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Dec 8, 19:07

DB Cargo to Cut 5,000 Jobs by 2029

DB Cargo, the freight division of Deutsche Bahn, will cut 5,000 jobs by 2029 due to economic forecasts and EU-mandated profitability targets, exceeding initial plans and drawing criticism from the EVG union.

DB Cargo to Cut 5,000 Jobs by 2029

DB Cargo, the freight division of Deutsche Bahn, will cut 5,000 jobs by 2029 due to economic forecasts and EU-mandated profitability targets, exceeding initial plans and drawing criticism from the EVG union.

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What is the extent of the job cuts planned at DB Cargo, and what are the immediate consequences?

"DB Cargo, the freight transport division of Deutsche Bahn, will cut 5,000 jobs by 2029, far exceeding initial plans. This follows the company's ongoing transformation and reflects current economic forecasts. The job losses will impact both administrative and operational areas."

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