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Digital Subscriptions > Railnews > November 2015 > Thousands of jobs may be at risk as DB looks for cash

Thousands of jobs may be at risk as DB looks for cash

DB’s Arriva and Schenker may be floated, while SNCF also faces criticism
The main problem confronting DB is its domestic business in Germany, which has been damaged by recent losses of passengers to competing coach operators

THE German state-owned operator Deutsche Bahn has revealed that the effects of repeated strikes over the past year have left the company reeling and looking for cash. As a result, it is considering partial sell-offs of its subsidiaries Arriva and also Schenker,which has the largest share of the railfreight market in Britain, but DB insisted that it was only looking for minority investors. It also warned that some jobs will be lost, with some sources speaking of 5,000 German redundancies looming in the freight sector alone.

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About Railnews

The tempestous Network Rail evidence session held by the House of Commons Public Accounts Committee in late October makes the lead in the new edition of Railnews. The Committee has been deeply critical of Network Rail's management of its projects with particular attention being paid to the Great Western Main Line, where costs have trebled and the work itself is behind schedule. Another problem, but perhaps a happier one, is the overcrowding on the recently reopened Borders Railway. This reached such a point during the October mid-term school holidays in Scotland that replacement buses had to be used, and we also reveal that the large car park at the Tweedbank terminus already needs an 'overflow' area. There have been several openings in October, including the new station at Oxford Parkway and the Thameslink depot at Three Bridges, as well as the modernised Manchester Victoria. The National Training Academy for Rail in Northampton was also declared formally open by rail minister Claire Perry, who made an impassioned plea during her speech for the railway to look forward, saying: “This is an industry for the future – not the past”. British Transport Police are seeking a youth who crossed the tracks at a station only moments before a fast train ran through, while a bid to replace the Victorian crossing gates at Plumpton in Sussex has hit a snag -- a judge has granted the local council an injunction against Network Rail carrying out the work on planning grounds. In other news, trams should be running on the first part of Manchester's Second City Crossing before Christmas, Virgin Trains and Stagecoach Group have rebranded the Flying Scotsman and also issued a joint call for franchises to be replaced by licensed operators on intercity routes, while National Express has signed two more operating contracts in Germany.

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