XCTurbostar
Established Member
- Joined
- 13 Sep 2014
- Messages
- 2,467
Looks like DB is looking to cut DB Cargo UK.
One of Britain's biggest rail freight operators is being put up for sale as its state-owned German parent confronts financial challenges in its domestic and wider European businesses.
Sky News has learnt that DB Cargo UK is working with advisers at Interpath on an auction, with talks already underway with prospective bidders.
DB Cargo UK employs about 2,200 people, according to its website, providing freight, infrastructure and passenger charter trains across the UK, as well as freight services to and from mainland Europe via the Channel Tunnel.
The company is part of Deutsche Bahn, the state-owned German rail operator.
Reports suggest that DB Cargo UK's loss-making German parent planned to cut more than 6,000 jobs in its home market by 2030 - equating to roughly half its workforce in the country.