{"id":135365,"date":"2024-10-01T18:13:00","date_gmt":"2024-10-01T08:13:00","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=56649"},"modified":"2024-10-01T18:13:00","modified_gmt":"2024-10-01T08:13:00","slug":"trade-union-evg-to-vote-against-db-schenker-sale","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=135365","title":{"rendered":"Trade union EVG to vote against DB Schenker sale"},"content":{"rendered":"

The Supervisory Board of Deutsche Bahn (DB) is set to meet tomorrow, 2 October, to vote on the sale of its logistics arm DB Schenker to Danish shipping company DSV. Trade union EVG, which has two members in the Board, said it will reject the sale and vote against it.<\/strong>
\n<\/span>\u201cI\u2019d like to highlight that the voices of the employees include representatives from both unions: EVG and GDL\u201d, a spokesperson from EVG told RailFreight.com. However, the likeliness of the sale being blocked by the DB Supervisory Board remains low. The board is made up of 20 members, and, in case of a balanced vote, the Chairman\u2019s vote counts double.<\/p>\n

\u2018Use the money from DB Schenker sale to pay DB\u2019s debt\u2019<\/h2>\n

If the sale still does go through, EVG is asking for the money to be used to repay DB\u2019s outstanding debts. DB Schenker will be sold for around 14 billion euros, whereas DB\u2019s debts amount to over 30 billion. The company’s logistics arm was the main moneymaker of the group, leaving many questions about DB’s financial future.<\/p>\n