{"id":152371,"date":"2024-11-27T20:11:48","date_gmt":"2024-11-27T10:11:48","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=58178"},"modified":"2024-11-27T20:11:48","modified_gmt":"2024-11-27T10:11:48","slug":"sncfs-head-of-rail-freight-maintains-optimistic-outlook-for-hexafret","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=152371","title":{"rendered":"SNCF\u2019s head of rail freight maintains optimistic outlook for Hexafret"},"content":{"rendered":"

Fr\u00e9d\u00e9ric Delorme, the President of Rail Logistics Europe (RLE), the structure which groups all of SNCF rail freight subsidiaries, showed some optimism when it comes to the future of the two entities replacing Fret SNCF. For example, Delorme believes the Hexafret, the company taking rail freight operations, is starting off in a better position than Fret SNCF when it was formed in 2020.<\/strong>
\n<\/span>Delorme underlined that he did not view Fret SNCF’s fate as neither \u201ca liquidation\u201d nor a \u201cdismantling\u201d of the company or a \u201cdismantling\u201d of rail freight at SNCF. \u201cIt is rather a \u2018transformation\u2019, admittedly not of our choosing, but neither one marked by mass redundancies. The 500 employees who are leaving Fret SNCF will all be redeployed within the SNCF group\u201d, he said in an interview with French media.<\/p>\n

Getting finances back on track<\/h2>\n

\u201cFor years, (Fret SNCF) accumulated losses of 150 to 200 million euros a year, as well as building up a debt of 5 billion euros, made up of aid granted by the French government, which the European Union suspected of being illegal\u201d, Delorme pointed out. The \u2018transformation\u2019 wipes out such (debt) liabilities and in addition, the cost of employer’s contributions for the 80 per cent of the workforce who have railway worker status.<\/p>\n