France’s Finance and Economic Affairs minister, Bruno Le Maire, is to summon SNCF chief, Jean-Pierre Farandou, to a meeting to explain the signing of an ‘early retirement’ agreement with the four main labour unions at the state railways which he believes circumvents a 2023 French reform law. The agreement, signed at the end of last…
Category: SNCF
Deutsche Bahn does not rule out DB Cargo sale
Deutsche Bahn (DB) does not rule out the sale of its freight subsidiary DB Cargo. Looming EU sanctions over excessive state support are forcing DB to find an escape route. A partial sale of financially underperforming DB Cargo might be on the table. According to Handelsblatt, DB does not rule out a sale of its…
Fret SNCF urges government to postpone company discontinuation
The Social and Economic Committee (CSE) of Fret SNCF recently sent a letter to the French government asking to introduce a moratorium to review the discontinuation of the company. “We believe that the hasty action taken by the French government and the SNCF management will not allow the railways to make the necessary changes”, the […]